Home > Statistics > Turnover of service industries > 2009 > January > Turnover in service industries grew by 1.6 per cent in November to January

Published: 15 April 2009

Turnover in service industries grew by 1.6 per cent in November to January

Service industries generated 1.6 per cent more turnover in the November 2008 to January 2009 period than in the respective time period of the year before. The growth slowed down clearly, for in the previous three-month period that ended in October their turnover went up by 7.6 per cent. The economic downturn can be seen in service industries especially towards the end of the examination period when the development in turnover slows down or starts to decline in several activities. Services are here examined exclusive of trade and the data have been adjusted for working days by eliminating effects of calendar variations from them.

In the examined period turnover started to decline in transportation and storage activities where it was 3.4 per cent lower than twelve months earlier. In information and communication activities turnover went up by 3.9 per cent from one year back. In professional, scientific and technical activities turnover was 2.8 per cent higher in November-January than in the same time period of the previous year. Turnover in administrative and support service activities grew by 3.7 per cent year-on-year in November-January. Turnover grew fastest in arts, entertainment and recreation activities where it was 8.9 per cent higher in November-January than in the same time period of the year before. Real estate activities generated 7.0 per cent more turnover in the November to January period than in the same period one year earlier.

Year-on-year change in turnover of services, three-month averages adjusted for working days and year-on-year change in latest month, % (TOL 2008)

	Year-on-year change by three-month period % *				Year-on-year change in latest month %
	2-4/2008	5-7/2008	8-10/2008	11/2008-1/2009	1/2009
Services, total (excl. trade)	9.4	8.0	7.6	1.6	-3.2
- Transportation and storage	9.5	9.1	7.8	-3.4	-8.5
- Accommodation and food service activities	6.3	5.9	5.3	2.3	0.2
-Information and communication	4.5	4.7	4.9	3.9	0.9
- Real estate activities	8.6	8.6	7.9	7.0	9.1
- Professional, scientific and technical activities	10.8	8.7	9.0	2.8	-1.3
- Administrative and support service activities	16.4	13.2	11.5	3.7	1.8
- Arts, entertainment and recreation	9.0	7.9	6.9	8.9	7.6
- Other service activities.	8.1	7.4	8.0	3.9	-0.3
*) 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.

Starting from the data released here the standard classification of industries TOL 2008 and base year 2005=100 have been adopted in these statistics describing turnover in service industries. 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 2009, January. 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 15.4.2009