Home > Statistics > Index of turnover in industry > 2018 > May > Turnover in manufacturing grew by almost 6 per cent in the March to May period

Published: 15 August 2018

Turnover in manufacturing grew by almost 6 per cent in the March to May period

According to Statistics Finland, turnover in manufacturing in the March to May period was 5.8 per cent higher than in the corresponding period of the year before. Domestic sales grew by 3.2 per cent and export turnover by 7.7 per cent from one year ago.

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

Turnover went up from the corresponding period of the previous year in all manufacturing (C) sub-industries . Growth was strongest in the metal industry, 7.2 per cent, in the chemical industry, 6.8 per cent and in the electrical and electronics industry, 6.4 per cent. Turnover growth was weakest in the food industry and in the textile, clothing and leather industry, 1.8 per cent from one year ago.

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 increased year-on-year. Turnover growth was strongest in the industry of electricity, gas, steam and air conditioning supply, 11.9 per cent. Turnover in mining and quarrying grew by 10.0 per cent and in water supply, sewerage, waste management and remediation activities by 5.1 per cent from one year ago.

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.

Source: Index of turnover in industry 2018, May, Statistics Finland

Inquiries: Ulla Virtanen 029 551 3347, Maija Sappinen 029 551 3348, 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) (15.8.2018)

Figures

• Appendix figure 1. Trend series on total turnover, domestic turnover and export turnover in manufacturing (15.8.2018)
• Appendix figure 2. Trend series on total turnover, domestic turnover and export turnover in the forest industry (15.8.2018)
• Appendix figure 3. Trend series on total turnover, domestic turnover and export turnover in the chemical industry (15.8.2018)
• Appendix figure 4. Trend series on total turnover, domestic turnover and export turnover in the electronic and electrical industry (15.8.2018)

Revisions in these statistics

• Revisions in these statistics (15.8.2018)

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Updated 15.8.2018