Home > Statistics > Index of turnover in industry > 2012 > October > Turnover in manufacturing contracted by under one per cent year-on-year in August to October

Published: 15 January 2013

Turnover in manufacturing contracted by under one per cent year-on-year in August to October

According to Statistics Finland, turnover in manufacturing in the August to October period was 0.7 per cent lower than in the corresponding period of the year before. Domestic sales contracted by 1.5 per cent and export turnover by 0.1 per cent from one year ago.

Annual change in turnover in selected manufacturing industries during 8/2012–10/2012 and 8/2011–10/2011, % (TOL 2008)

Turnover went down from the corresponding period of the previous year in nearly all sub-industries. The declines were steepest in the electrical and electronic industry (-13.2%), in the textile, clothing and leather industry (-6.6%) and in the forest industry (-4.2%). The growth was most favourable in the chemical industry (9.2%) and in the food industry (3.1%).

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.

The indices of turnover will adopt base year 2010=100 from the January 2013 data. Data using the new base year will be published for the first time on 15 April 2013.

Source: Index of turnover in industry 2012, October, Statistics Finland

Inquiries: Mira Kuussaari 09 1734 3538, Kirsi-Maaria Manninen 09 1734 2681, myynti.teollisuus@stat.fi

Director in charge: Hannele Orjala

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Appendix tables

• Appendix table 1. Year-on-year change in turnover by industry, % (TOL 2008) (15.1.2013)

Figures

• Appendix figure 1. Trend series on total turnover, domestic turnover and export turnover in manufacturing 1/2000 - 10/2012 (15.1.2013)
• Appendix figure 2. Trend series on total turnover, domestic turnover and export turnover in the forest industry 1/2000 - 10/2012 (15.1.2013)
• Appendix figure 3. Trend series on total turnover, domestic turnover and export turnover in the chemical industry 1/2000 - 10/2012 (15.1.2013)
• Appendix figure 4. Trend series on total turnover, domestic turnover and export turnover in the electronic and electrical industry 1/2000 - 10/2012 (15.1.2013)

Revisions in these statistics

• Revisions in these statistics (15.1.2013)

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Updated 15.1.2013