Home > Statistics > Index of turnover in industry > 2009 > July > Turnover in manufacturing contracted by 29 per cent in May to July from the year before

Published: 23 October 2009

Turnover in manufacturing contracted by 29 per cent in May to July from the year before

According to Statistics Finland, turnover in manufacturing was 29.4 per cent lower in the May to July period than in the corresponding period of the year before. Domestic sales contracted by 26.3 per cent and export turnover by 31.4 per cent from one year ago.

Turnover contracted in all manufacturing industries in the May to July period. The smallest contractions were recorded in the food industry (-3.2%), and in electricity, gas, steam and air conditioning supply (-9.0%). In other manufacturing industries turnover contracted considerably more. The declines were steepest in the chemical industry (-36.3 %) and in the metal industry (-33.4%).

Annual change in turnover in selected manufacturing industries during 05/2009-07/2009, % (TOL 2008)

The index of turnover in industry describes enterprises whose main industry is manufacturing. The calculation of the indices is based on the Tax Administration's value added tax data which are supplemented with data obtained with Statistics Finland's sales inquiry. The monthly turnovers of manufacturing enterprises can vary considerably, especially in the metal industries. The variation is mainly due to invoicing practices. The final invoice for major machinery deliveries and projects may be recorded in the sales of one month, even if the delivery had required the work of several months or years.

Source: Index of turnover in industry, July 2009. Statistics Finland

Inquiries: Ulla Virtanen +358 9 1734 3331, Soile Väisänen +358 9 1734 2232, volyymi.indeksi@stat.fi

Director in charge: Hannele Orjala

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Last updated 5.2.2010