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Published: 14 May 2010

Turnover of construction enterprises contracted by nearly 10 per cent in the December to February period

The turnover of construction enterprises fell by 9.9 per cent in the December to February period, when compared with the corresponding three month period of the year before. Over the same period, the turnover of construction of buildings fell by 5.2 per cent, that of civil engineering by 16.7 per cent and that of specialised construction activities by 12.4 per cent.

Year-on-year change in turnover in the 12/2009– 2/20010 and 12/2008–2/2009 time periods, % (TOL 2008)

Year-on-year change in turnover in the 12/2009– 2/20010 and 12/2008–2/2009 time periods, % (TOL 2008)

The sales volume of construction enterprises fell by 3.4 per cent year-on-year in the December to February period. Over the same period, the sales volume of building construction enterprises fell by 3.0 per cent, that of civil engineering by 18.3 per cent and that of specialised construction activities by 4.9 per cent.

The volume index of enterprises’ sales is calculated by removing the effect of price changes from the turnover index series.

Tax account reform causes revisions to the data of turnover indices

Starting from data on January 2010, the turnover indices will be compiled from data on the periodic tax returns allowed in the Tax Administration's tax account reform. According to our analysis the impact on these statistics from the implemented tax account reform will remain quite minor. However, slightly less data than before will be available for January 2010, which may mean that the January time series of the turnover indices become slightly revised in future releases. Further information about the impacts of the changes in the data on the turnover indices can be found under Revisions in these statistics . Information about the tax account reform is also available on the Tax Administration's website at: www.vero.fi .


Source: Index of turnover of construction, Statistics Finland

Inquiries: Ulla Virtanen (09) 1734 3331, rakennus.suhdanne@stat.fi

Director in charge: Hannele Orjala

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Updated 14.5.2010

Referencing instructions:

Official Statistics of Finland (OSF): Index of turnover of construction [e-publication].
ISSN=1798-5935. February 2010. Helsinki: Statistics Finland [referred: 22.11.2024].
Access method: http://www.stat.fi/til/rlv/2010/02/rlv_2010_02_2010-05-14_tie_001_en.html