Turnover in industry decreased by 5.1 per cent in May 2024

Release related to topics:Enterprises
release | Index of turnover in industry 2024, May

According to Statistics Finland, working day adjusted turnover in industry (TOL BCD) decreased by 5.1 per cent in May 2024 from May 2023.

Key selections

  • Turnover decreased most in the chemical industry in May 2024, by 16.5 per cent from one year earlier.
  • Seasonally adjusted turnover in industry decreased by 0.1 per cent in May from the month before.

Turnover decreased most in the chemical industry

In May, turnover declined most strongly in the chemical industry, by 16.5 per cent from one year earlier. Turnover also decreased strongly in the electronic and electrical industry where turnover was 16.3 per cent lower than in the previous year. Turnover in the metal industry went down by 8.6 per cent year-on-year. In turn, turnover grew most in the industry of mining and quarrying, by 13.6 per cent from one year ago. Turnover in the forest industry was 8.5 per cent higher than one year previously.

Export turnover declined most in the chemical industry

Export turnover in the chemical industry decreased most in May, by 23.3 per cent from one year ago. Export turnover decreased by 18.7 per cent in the electronic and electrical industry. In the metal industry, turnover was 11.0 per cent lower than one year previously. Export turnover grew most in the industry of mining and quarrying, where export turnover was 32.4 per cent bigger than one year earlier. Export turnover in the forest industry grew by 9.4 per cent from the previous year.

In May, domestic turnover grew most in the forest industry and was 7.0 per cent higher than in the previous year. Domestic turnover in the metal industry decreased most, by 3.8 per cent from one year ago. Domestic turnover went down by 3.7 per cent in the electrical and electronics industry and by 3.1 per cent in the chemical industry.

Turnover decreased in May from the previous month

Seasonally adjusted turnover in industry decreased slightly in May 2024, by 0.1 per cent compared to April. Turnover grew by 3.9 per cent in April and decreased by 5.4 per cent in March compared to the month before.

Tables

See key statistical data in the tables.

Annual change of working-day adjusted turnover in industries of manufacturing, % (TOL 2008)

Data revisions

See key statistical data in the tables.

Revisions to annual changes in the working-day adjusted turnover in main industries of manufacturing

Database tables

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Updated database tables
Classifications used:
  • Industry
  • Variable
Reference period cycle:
month
Updating frequency:
month
Updated:
Classifications used:
  • Industry
  • Variable
Reference period cycle:
quarter
Updating frequency:
month
Updated:
Classifications used:
  • Industry
  • Variable
Reference period cycle:
half year
Updating frequency:
month
Updated:
Classifications used:
  • Industry
  • Variable
Reference period cycle:
year
Updating frequency:
month
Updated:
Classifications used:
  • Industry
  • Variable
Reference period cycle:
month
Updating frequency:
month
Updated:

Future releases

Documentation

Description of the production, used methods and quality of the statistics.

Go to documentation of the statistics

Referencing instructions

Official Statistics of Finland (OSF): Index of turnover in industry [online publication].
Reference period: 2024, May. ISSN=1798-596X. Helsinki: Statistics Finland [Referenced: 16.10.2024].
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Statistical experts

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Heli Suonio
Statistician
029 551 2481

Other experts

Jussi Haavisto
Senior Statistician
029 551 3341

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Katri Kaaja
Head of Department in charge
029 551 3488