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Published: 14 June 2021

Turnover of construction enterprises grew in April

According to Statistics Finland, construction enterprises' working day adjusted turnover and sales volume started to grow in April. Adjusted for working days, turnover grew by 0.7 per cent and the volume of sales, from which the impact of price changes has been eliminated, increased by 1.3 per cent from one year ago. Turnover grew strongly in civil engineering in particular.

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

Seasonally adjusted turnover in building construction fell in April by 6.6 per cent and sales volume by 6.3 per cent compared to one year ago. Turnover of civil engineering adjusted for working days increased by 18.9 per cent and sales volume by 11.1 per cent year-on-year. The working day adjusted turnover of specialised construction activities grew by 5.6 per cent and sales volume by 6.0 per cent from the year before.

Annual change in working day adjusted turnover and sales volume of construction, April 2021, %

Both turnover and sales volume increased compared to March

Seasonally adjusted turnover in construction grew by 1.1 per cent from March to April. Seasonally adjusted sales volume grew by 1.2 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 are released at a delay of around six weeks. The data 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, Maija Sappinen 029 551 3348, rakennus.suhdanne@stat.fi

Head of Department in charge: Katri Kaaja

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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) (14.6.2021)

Revisions in these statistics

• Revisions in these statistics (14.6.2021)

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Updated 14.06.2021