Home > Statistics > Index of turnover of construction > 2008 > December > Growth in turnover of construction enterprises slowed down to 1.6 per cent in the October to December period

Published: 13 March 2009

Growth in turnover of construction enterprises slowed down to 1.6 per cent in the October to December period

The turnover of construction enterprises grew by 1.6 per cent in the October to December period of 2008 when compared with the corresponding three-month period of the year before. The 10.7 per cent growth in the turnover of civil engineering in the same period kept the turnover numbers of construction enterprises as a whole growing. In the October to December period the turnover of building construction enterprises fell by 1.5 per cent from the corresponding period of the year before. These data derive from the preliminary index of turnover of construction compiled by Statistics Finland.

The sales volume of construction enterprises fell by 3.4 per cent in the October to December period when compared with the same period of the year before. The sales volume of building construction enterprises in the corresponding period fell by 5.3 per cent and that of civil engineering construction enterprises grew by 4.3 per cent. In December 2008 the sales volume of construction enterprises fell by 0.3 per cent from December 2007. The sales volume of building construction enterprises fell by 2.9 per cent in December and that of civil engineering enterprises grew by 10.7 per cent when compared with December 2007.

The volume index of enterprises' sales is calculated by removing the effect of price changes from the turnover index series. The costs of building construction increased by 1.6 per cent from December 2007 to December 2008 and those of civil engineering construction increased by 2.1 per cent.

Annual changes in turnover of construction enterprises (%), August-December 2008

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

Source: Index of turnover of construction, December 2008. Statistics Finland

Inquiries: Mr Kaj Isaksson +358 9 1734 3633, Ms Merja Järvinen +358 9 1734 2458, rakennus.suhdanne@stat.fi

Director in charge: Ms Hannele Orjala

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Last updated 13.3.2009