Home > Statistics > Turnover of service industries > 2008 > July > Turnover in service industries went up by 8,8 per cent in the May to July period

Published: 15 October 2008

Turnover in service industries went up by 8,8 per cent in the May to July period

Service industries generated 8,8 per cent more turnover in the May to July 2008 period than in the respective time period of the year before. In the previous three-month period that ended in April their turnover increased by 10,0 per cent. Services are here examined exclusive of trade and the data on turnover have been adjusted for working days by eliminating effects of calendar variations from them.

Among the main service industries, turnover grew fastest in real estate, renting and business activities where it was up by 12,9 per cent on the corresponding time period of the previous year. In hotel and restaurant activities, turnover increased by 6,1 per cent in the latest three-month period. The growth of turnover in transport, storage and communication activities amounted to 5,8 per cent in the May to July 2008 period. In other community, social and personal services activities turnover went up by 9,9 per cent.

Year-on-year change in turnover of services, three-month averages adjusted for working days, %

	Year-on-year changes by three-month period %
	8-10/2007	11/2007-1/2008	2-4/2008	5-7/2008
Services, total (excl. trade)	9,0	8,5	10,0	8,8
- Hotels and restaurants	6,4	6,2	8,2	6,1
- Transport, storage and communication	7,1	5,2	7,3	5,8
- Real estate, renting and business activities	11,8	12,0	13,7	12,9
- Other community, social and personal service activities	8,1	9,3	9,6	9,9
*) Year-on-year change by three-month period compares the value for a period of three statistical reference months to the value for the corresponding three-month period of the previous year.

A revised standard industrial classification, TOL 2008, and base year 2005=100 will be introduced in these statistics starting from data concerning January 2009. A news item about the adoption of TOL 2008 in statistics on turnover in service industries is posted on the home page of the statistics.

Source: Turnover of service industries 2008, July. Statistics Finland

Inquiries: Ms Katja Äijö +358 9 1734 2659, palvelut.suhdanne@stat.fi

Director in charge: Ms Hannele Orjala

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Last updated 15.10.2008