Home > Statistics > Index of turnover of construction > 2020 > January > Turnover of construction enterprises grew by 6.7 per cent in January

Published: 12 March 2020

Turnover of construction enterprises grew by 6.7 per cent in January

The working day adjusted turnover of construction enterprises grew by 6.7 per cent from January 2019. The volume of sales, from which the impact of prices has been eliminated, increased by 3.3 per cent. Growth in turnover and sales volume accelerated compared to the months prior to January and turnover in all individual industries developed well.

Annual change in working day adjusted turnover and sales volume of construction, January 2020, %

Among the industries, most growth was recorded in civil engineering as turnover adjusted for working days grew by 9.5 per cent and sales volume by 10.1 per cent from one year back. Working day adjusted turnover in building construction grew by 6.3 per cent and sales volume by 2.9 per cent compared to one year ago. The working-day adjusted turnover of specialised construction increased by 6.9 per cent and sales volume by 3.4 per cent from one year ago.

Annual change in working day adjusted turnover and sales volume of construction, January 2020, %

Both turnover and sales volume increased compared to December

Seasonally adjusted turnover in construction grew by 2.0 per cent in January from December. Seasonally adjusted sales volume grew by 1.5 per cent from one month ago.

Change in seasonally adjusted turnover and sales volume of construction from the previous month, %

The calculation of indices of turnover of construction is based on the Tax Administration’s data on self-assessed taxes, which are supplemented with Statistics Finland’s sales inquiry. The monthly turnover of construction enterprises can have even large variations due to invoicing practices. The final invoice for major projects may be recorded in the sales of one month, even if the project had required the work of several months or years.

The factors caused by the variation in the number of weekdays are taken into account in adjustment for working days. This means taking into consideration the lengths of months, different weekdays and holidays. In addition, seasonal variation is eliminated from seasonally adjusted series, on account of which it makes sense to compare observations of two successive months as well.

The data for the latest month are preliminary and they may become significantly revised particularly on more detailed industry levels in coming months.

Trends in turnover of construction by industry (TOL 2008)

Source: Index of turnover of construction, Statistics Finland

Inquiries: Lauri Pullinen 029 551 3043, Liina Arhosalo 029 551 3612, rakennus.suhdanne@stat.fi

Director in charge: Mari Ylä-Jarkko

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Appendix tables

• Appendix table 1. Annual change in working day adjusted turnover and sales volume in sectors of construction, % (TOL 2008) (12.3.2020)

Revisions in these statistics

• Revisions in these statistics (12.3.2020)

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Updated 12.3.2020