Home > Statistics > Index of turnover in industry > 2017 > January > Turnover in manufacturing increased by 7.7 per cent in November to January

Published: 12 April 2017

Turnover in manufacturing increased by 7.7 per cent in November to January

According to Statistics Finland, turnover in manufacturing in the November to January period was 7.7 per cent higher than in the corresponding period of the year before. Domestic sales grew by 9.4 per cent and export turnover by 6.6 per cent from one year ago.

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

Turnover grew for the first time in nearly six years in all manufacturing (C) sub-industries from the corresponding period of the previous year. Turnover grew most in the chemical industry, by 13.4 per cent, in the textile, clothing and leather industry, by 8.8 per cent, and in the forest industry, by 7.7 per cent. The growth was slowest in the food industry, 1.3 per cent, and in the electrical and electronics industry, 2.3 per cent.

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

The turnover of all other main categories of manufacturing industries also grew year-on-year. Turnover grew strongest in the industry of mining and quarrying, 30.9 per cent. Turnover in water supply, sewerage, waste management and remediation activities increased by 7.0 per cent, and in electricity, gas, steam and air conditioning supply by 4.1 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 self-assessed 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.

Changes in the Tax Administration’s self-assessed tax data do not have an effect on the data of turnover indices for January 2017

The effects of the changes in the Tax Administration's self-assessed tax data have been analysed in Statistics Finland’s turnover indices. Based on the analyses, no significant changes for statistics production were observed in the value added tax reporting of enterprises. More about this under Changes in these statistics.

Source: Index of turnover in industry 2017, January, Statistics Finland

Inquiries: Maija Sappinen 029 551 3348, Kirsi-Maaria Manninen 029 551 2681, myynti.teollisuus@stat.fi

Director in charge: Mari Ylä-Jarkko

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Appendix tables

• Appendix table 1. Year-on-year change in turnover by industry, % (TOL 2008) (12.4.2017)

Figures

• Appendix figure 1. Trend series on total turnover, domestic turnover and export turnover in manufacturing (12.4.2017)
• Appendix figure 2. Trend series on total turnover, domestic turnover and export turnover in the forest industry (12.4.2017)
• Appendix figure 3. Trend series on total turnover, domestic turnover and export turnover in the chemical industry (12.4.2017)
• Appendix figure 4. Trend series on total turnover, domestic turnover and export turnover in the electronic and electrical industry (12.4.2017)

Revisions in these statistics

• Revisions in these statistics (12.4.2017)

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Updated 12.4.2017