Home > Statistics > Turnover of service industries > 2018 > May > Turnover in service industries increased by 4.4 per cent year-on-year in March to May

Published: 15 August 2018

Turnover in service industries increased by 4.4 per cent year-on-year in March to May

According to Statistics Finland, turnover in service industries grew by 4.4 per cent in March to May from the corresponding period of the year before. Administrative and support services activities (+9.4%) and real estate activities (+6.3 %) developed most strongly. Growth in the industry of information and communication remained at 0.9 per cent, while turnover in arts, entertainment and recreation fell by 1.5 per cent. Services are here examined exclusive of trade.

Three months' year-on-year change in turnover in services  (TOL 2008)

In the industry of administrative and support service activities turnover grew strongest in rental and leasing activities (+16.9%) and employment activities (12.3%). Travel agency, tour operator and other reservation services also developed favourably (+9.6 %).

The main industry of professional, scientific and technical activities was boosted by good growth in legal and accounting activities and management consulting services (+8.5%) and scientific research and development (+8.0%). In contrast, the turnover of architectural and engineering activities grew clearly more moderately than one year ago (+3.6%).

Accommodation and food service activities increased most due to food and beverage service activities (+5.7%), while the turnover of accommodation grew by 3.9 per cent from the corresponding period of last year.

The turnover of transportation and storage grew by 4.6 per cent. Of its sub-industries, warehousing and support activities for transportation reached a growth of 5.1 per cent, whereas turnover in water transport contracted by 1.4 per cent.

The development in the main industry of information and communication was slowed down by motion picture, video and television programme production, sound recording and music publishing activities (-7.1%), publishing activities (-5.0%) and programming and broadcasting activities (-3.4%).

Source: Turnover of service industries, Statistics Finland

Inquiries: Aki Niskanen 029 551 2657, palvelut.suhdanne@stat.fi

Director in charge: Mari Ylä-Jarkko

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Appendix tables

• Appendix table 1. Year-on-year change in turnover by industry, % (TOL 2008) (15.8.2018)

Figures

• Appendix figure 1. Turnover of service industries, trend series  (TOL 2008) (15.8.2018)
• Appendix figure 2. Turnover of service industries, trend series  (TOL 2008) (15.8.2018)

Revisions in these statistics

• Revisions in these statistics (15.8.2018)

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Updated 15.8.2018