Home > Statistics > Index of turnover in industry > 2010 > May > Turnover in manufacturing grew by nearly 8 per cent in March to May from the year before

Published: 13 August 2010

Turnover in manufacturing grew by nearly 8 per cent in March to May from the year before

According to Statistics Finland, in the March to May period of 2010 turnover in manufacturing was 7.7 per cent higher than in the corresponding period of the year before. Domestic sales grew by 7.2 per cent and export turnover by 8.2 per cent from one year ago.

Annual change in turnover in selected manufacturing industries during 3–5/2010, % (TOL 2008)

Turnover went up from the corresponding period of the previous year in nearly all sub-industries. The largest growths were seen in mining and quarrying (31.6%), in the forest industry (21.2%) and in water supply, sewerage, waste management and remediation activities (20.4%). In the food industry turnover was unchanged from the previous year (-0.1%).

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 2010, May, Statistics Finland

Inquiries: Ulla Virtanen (09) 1734 3331, Kirsi-Maaria Manninen (09) 1734 2681, volyymi.indeksi@stat.fi

Director in charge: Hannele Orjala

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Appendix tables

• Appendix table 1. Three-month moving change, cumulative change and change in the latest month, year-on-year, % (TOL 2008) (13.8.2010)

Figures

• Appendix figure 1. Trend series on total turnover, domestic turnover and export turnover in manufacturing 1/1995 - 5/2010 (13.8.2010)
• Appendix figure 2. Trend series on total turnover, domestic turnover and export turnover in the forest industry 1/1995 - 5/2010 (13.8.2010)
• Appendix figure 3. Trend series on total turnover, domestic turnover and export turnover in the chemical industry 1/1995 - 5/2010 (13.8.2010)
• Appendix figure 4. Trend series on total turnover, domestic turnover and export turnover in the electronic and electrical industry 1/1995 - 5/2010 (13.8.2010)

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Updated 13.8.2010