Home > Statistics > Index of turnover in industry > 2014 > April > Turnover in manufacturing contracted by good one per cent year-on-year in February to April

Published: 14 July 2014

Turnover in manufacturing contracted by good one per cent year-on-year in February to April

According to Statistics Finland, turnover in manufacturing in the February to April period was 1.3 per cent lower than in the corresponding period of the year before. Domestic sales contracted by 3.3 per cent and export turnover grew by 0.2 per cent from one year ago.

Three months' year-on-year change in turnover in manufacturing (C) sub-industries (TOL 2008)

Turnover went down from the corresponding period of the previous year in nearly all manufacturing (C) sub-industries . Turnover contracted most in the electrical and electronics industry, 5.0 per cent, in the metal industry, 2.4 per cent, and in the chemical industry, 1.6 per cent. Only the forest industry generated slightly more turnover than in the year before, 0.8 per cent.

Three months' year-on-year change in turnover in main industrial categories (TOL 2008)

In the main categories of other industries , water supply, sewerage, waste management and remediation activities grew by 1.9 per cent. Turnover in mining and quarrying activities contracted by 4.6 per cent and that of electricity, gas, steam and air conditioning supply by 13.0 per cent from one year before.

The index of turnover in industry describes enterprises whose main industry is manufacturing. The calculation of the indices is based on the Tax Administration’s value added tax data which are supplemented with data obtained with Statistics Finland’s sales inquiry. The monthly turnovers of manufacturing enterprises can vary considerably, especially in the metal industries. The variation is mainly due to invoicing practices. The final invoice for major machinery deliveries and projects may be recorded in the sales of one month, even if the delivery had required the work of several months or years.

Industries of enterprises have been revised in the data released in July

As part of the renewal of the business statistics, uniform industries defined by the Business Register have been taken more extensively into use in the turnover and wage and salary indices starting from this statistical release. In the time series, the industry changes have been taken into consideration from the beginning of 2013. The industry corrections are visible as revised data in some of the published industries. The effects of the changes are taken into consideration in statistics production so that no breaks occur in the time series of the published index series. The interpretation of the statistics also remains unchanged in the renewal.

Revisions to annual changes in industries are presented under Revisions in these statistics.

Source: Index of turnover in industry 2014, April, Statistics Finland

Inquiries: Ulla Virtanen 029 551 3347, Kirsi-Maaria Manninen 029 551 2681, myynti.teollisuus@stat.fi

Director in charge: Hannele Orjala

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Appendix tables

• Appendix table 1. Year-on-year change in turnover by industry, % (TOL 2008) (14.7.2014)

Figures

• Appendix figure 1. Trend series on total turnover, domestic turnover and export turnover in manufacturing (14.7.2014)
• Appendix figure 2. Trend series on total turnover, domestic turnover and export turnover in the forest industry (14.7.2014)
• Appendix figure 3. Trend series on total turnover, domestic turnover and export turnover in the chemical industry (14.7.2014)
• Appendix figure 4. Trend series on total turnover, domestic turnover and export turnover in the electronic and electrical industry (14.7.2014)

Revisions in these statistics

• Revisions in these statistics (14.7.2014)

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Updated 14.7.2014