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Published: 28 February 2022

Preliminary data: Turnover of construction enterprises grew in January

According to Statistics Finland's preliminary data, the working day adjusted turnover of construction enterprises grew by 9.5 per cent in January 2022 compared with January 2021.

Annual change in working day adjusted turnover of construction, % (TOL 2008)

Turnover increased compared with the previous month

According to the preliminary data, seasonally adjusted turnover in construction increased by 0.9 percent in January 2022 from December 2021. In December, seasonally adjusted turnover decreased by 0.6 per cent and in November increased by 1.8 per cent from one month ago.

Change in seasonally adjusted turnover of construction from the previous month, % (TOL 2008)

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 four weeks. The data may become significantly revised particularly in coming months.

Source: Index of turnover of construction, Statistics Finland

Inquiries: Toni Kellinsalmi 029 551 3801, Lauri Pullinen 029 551 3043, rakennus.suhdanne@stat.fi

Head of Department in charge: Katri Kaaja

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Releases

• Turnover of construction grew by 14.5 per cent in January (14.3.2022)

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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) (14.3.2022)

Revisions in these statistics

• Revisions in these statistics (14.3.2022)

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Updated 28.2.2022