Home > Statistics > Index of turnover in industry > 2009 > October > Turnover in manufacturing contracted by 24 per cent in August to October from the year before

Published: 3 February 2010

Turnover in manufacturing contracted by 24 per cent in August to October from the year before

According to Statistics Finland, turnover in manufacturing was 23.5 per cent lower in the August to October 2009 period than in the corresponding period of the year before. Domestic sales contracted by 22.6 per cent and export turnover by 24.1 per cent from one year ago.

Turnover contracted in all manufacturing industries in the August to October period. The smallest contraction was recorded in the food industry (-5.0%). In other manufacturing industries turnover contracted considerably more. The declines were steepest in the electronic and electrical industry (-37.6 %) and in the metal industry (-27.5%).

Annual change in turnover in selected manufacturing industries during 08/2009-10/2009, % (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.

Seasonal adjustment models have been revised

The used seasonal adjustment models were revised in connection with the calculation of the indices of turnover for September. The revisions influenced the seasonally adjusted and trend series, but not the original or working-day adjusted time series. The change percentages calculated from the original series became only slightly revised, and this was due to new data having become available. For more detailed information about the revised treatment of seasonal adjustment, see http://tilastokeskus.fi/ajk/tiedotteet/2009/tiedote_019_2009-12-08_en.html.

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

Inquiries: Ms Ulla Virtanen +358 9 1734 3331, Ms Kirsi-Maaria Kinnunen +358 9 1734 2681, volyymi.indeksi@stat.fi

Director in charge: Hannele Orjala

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Last updated 5.2.2010