Turnover in service industries fell by 6.2 per cent in March to May

Total turnover generated by service industries fell by 6.2 per cent in the March to May period of 2009 when compared with the respective three-month period of the year before. During the previous three-month period that ended in April, turnover in service industries diminished by 5.3 from one year back. At the end of the examination period turnover was only showing growth in real estate activities and in arts, entertainment and recreation. Services are here examined exclusive of trade and the data have been adjusted for working days by eliminating effects of calendar variations from them.

Turnover in transport and storage fell by 15.4 per cent year-on-year in the examined period. In March-May turnover fell by 2.8 per cent in accommodation and food service activities, by 1.8 per cent in information and communication, by 6.9 per cent in professional, scientific and technical activities and by 3.6 per cent in administrative and support service activities when compared with the respective period of the year before. Among the service industries turnover increased most in real estate activities, where it was 6.3 per cent higher than one year earlier in the examined period. In arts, entertainment and recreation turnover grew by 5.2 per cent and in other services by 2.1 per cent from the year before in March to May.

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 %
	6-8/2008	9-11/2008	12/2008-2/2009	3-5/2009	5/2009
Services, total (excl. trade)	6.9	6.5	-1.7	-6.2	-9.5
Transportation and storage	9.1	4.9	-8.2	-15.4	-18.6
Accommodation and food service activities	4.8	5.4	-0.4	-2.8	-3.3
Information and communication	3.3	5.7	0.0	-1.8	-5.2
Real estate activities	7.5	5.8	7.1	6.3	7.9
Professional, scientific and technical activities	6.9	9.9	-2.2	-6.9	-10.5
Administrative and support service activities	12.6	8.5	0.7	-3.6	-3.0
Arts, entertainment and recreation	7.7	9.0	4.6	5.2	3.5
Other service activities	6.8	6.8	2.6	2.1	-1.3
*) 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.

Source: Turnover of service industries 2009, May. 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 14.8.2009

Referencing instructions:

Official Statistics of Finland (OSF): Turnover of service industries [e-publication].
ISSN=1799-0998. May 2009. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/plv/2009/05/plv_2009_05_2009-08-14_tie_001_en.html