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Published: 14 June 2019

Turnover in manufacturing grew by 7.0 per cent in April

According to Statistics Finland, working day adjusted turnover in manufacturing (TOL BCD) increased in April by 7.0 per cent from the corresponding period of the previous year. Among the main manufacturing industries, the growth in working day adjusted turnover was strongest in the electrical and electronics industry, 19.8 per cent, in the chemical industry, 11.7 per cent, and in the metal industry, 10.8 per cent. Seasonally adjusted turnover in manufacturing (TOL BCD) grew by 1.2 per cent in April compared with March.

Annual change in working day adjusted turnover in manufacturing (BCD), %, (TOL 2008)

Among the main manufacturing industries, turnover growth was slowest in the forest industry, 3.1 per cent. Turnover decreased from the previous year only in the textile, clothing and leather industry, by 1.2 per cent.

Annual change in working day adjusted turnover in manufacturing by industry, April 2019, %, (TOL 2008)

Export turnover grew more than domestic turnover in March

Export turnover grew most in March in the chemical industry, by 19.3 per cent, and in the food industry, by 14.1 per cent. Export turnover growth was slowest in the electrical and electronics industry, only 0.1 per cent year-on-year. Export turnover declined from the previous year only in one main industry, in the textile, clothing and leather industry.

Annual change in working day adjusted export turnover and domestic turnover in manufacturing by industry, March 2019, %, (TOL 2008)

In March, domestic turnover increased most in the forest industry, by 9.1 per cent, and in the metal industry, by 4.3 per cent. By contrast, domestic turnover decreased from 2018 in the food industry, by 6.3 per cent, and in the industry of mining and quarrying, by 2.3 per cent.

Trend series of turnover, export turnover and domestic turnover in manufacturing (BC), 01/2007 to 04/2019, %, (TOL 2008)

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.

The factors caused by the variation in the number of weekdays are taken into account in adjustment for working days. This means taking into consideration the lengths of months, different weekdays and holidays. In addition, seasonal variation is eliminated from seasonally adjusted series, on account of which it makes sense to compare observations of two successive months as well.

The data for the latest month are preliminary and they may become significantly revised particularly on more detailed industry levels in coming months.

Source: Index of turnover in industry 2019, April, 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. Annual change of working-day adjusted turnover in industries of manufacturing, % (TOL 2008) (14.6.2019)

Figures

• Appendix figure 1. Change from the previous month in seasonally adjusted turnover in manufacturing (BCD), %, (TOL 2008) (14.6.2019)

Revisions in these statistics

• Revisions in these statistics (14.6.2019)

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Updated 14.6.2019