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Published: 29 August 2014

Turnover of large enterprises contracted in July by 1.6 per cent from one year earlier

According to Statistics Finland's preliminary data, the turnover of large enterprises contracted by 1.6 per cent in July 2014 compared with the corresponding period of the previous year. In the January to July period, the turnover of large enterprises diminished by 1.4 per cent from the corresponding period of the year before.

Annual change in the turnover of large enterprises, %

In July, seasonally adjusted turnover decreased for large enterprises by 1.1 per cent from June. In June, seasonally adjusted turnover grew by 0.3 per cent, while in May, turnover was 0.1 per cent lower than in the month before.

Seasonally adjusted change in the turnover of large enterprises from the previous month, %

The turnover estimate of large enterprises is based on a sample formed of 2,000 enterprises with the most significant turnover in manufacturing, construction, trade and other service industries. Excluded from the statistics are enterprises engaged in primary production, and bank and insurance activities.

The enterprises described in the statistics make up nearly 70 per cent of the turnover of all enterprises operating in Finland, represent more than one-half of the investments made and employ good 40 per cent of the personnel of all enterprises.

The data can be used for short-term monitoring of development in business activities and the market. Because the economic development of smaller enterprises may differ from large enterprises, the economic situation of the whole enterprise sector cannot be assessed solely based on these statistics.

More detailed data on the development of various industries are published monthly on the home pages of business trend indicators.

Source: Turnover estimate of large enterprises, Statistics Finland

Inquiries: Aki Niskanen 029 551 2657, Jarkko Niemistö 029 551 2951, palvelut.suhdanne@stat.fi

Director in charge: Hannele Orjala

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Appendix tables

• Appendix table 1. Year-on-year change of large enterprises, % (29.8.2014)

Figures

• Appendix figure 1. Year-on-year change of large enterprises, trend series (29.8.2014)

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Updated 29.8.2014