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Published: 29 January 2021

Turnover of large enterprises contracted in December

According to Statistics Finland's preliminary data, the seasonally adjusted turnover of large enterprises contracted by 1.3 per cent in December 2020 compared with November. In November, seasonally adjusted turnover fell by 0.1 per cent, while in October, turnover was 0.3 per cent higher than in the month before.

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

The unadjusted turnover of large enterprises fell by 2.6 per cent in December 2020 compared with December 2019. In total the turnover of large enterprises decreased by 6.4 per cent in 2020.

Annual change in the turnover of large enterprises, %

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 approximately 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. The economic situation of the whole enterprise sector cannot be assessed solely based on these statistics, because the economic development of smaller enterprises may differ from large enterprises.

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

Publication of the turnover estimate of large enterprises is discontinued

Statistics Finland discontinues the publication of the turnover estimate of large enterprises. Preliminary data describing the development of turnover will be published starting from March this year on the turnover indices of industry, construction and services at a lag of around one month. Preliminary data on trade are already published at a lag of just under one month. In addition to this, preliminary data are available on the development of turnover as experimental statistics (in Finnish).

Source: Turnover estimate of large enterprises, Statistics Finland

Inquiries: Aki Niskanen 029 551 2657, Maija Sappinen 029 551 3348, palvelut.suhdanne@stat.fi

Head of Department in charge: Katri Kaaja

Publication in pdf-format (246.4 kB)

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Appendix tables

• Appendix table 1. Year-on-year change of large enterprises, % (29.1.2021)

Figures

• Appendix figure 1. Year-on-year change of large enterprises, trend series (29.1.2021)

Revisions in these statistics

• Revisions in these statistics (29.1.2021)

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Updated 29.1.2021