Home > Statistics > Index of turnover in industry > 2012 > December > Turnover in manufacturing contracted by good 3 per cent year-on-year in the last quarter of 2012

Published: 14 March 2013

Turnover in manufacturing contracted by good 3 per cent year-on-year in the last quarter of 2012

According to Statistics Finland, turnover in manufacturing was 3.2 per cent lower in the last quarter of 2012 than in the corresponding period of the year before. Domestic sales contracted by 3.3 per cent and export turnover by 3.1 per cent from one year ago.

Annual change in turnover in selected manufacturing industries during 10/2012–12/2012 and 10/2011–12/2011, % (TOL 2008)

The sub-industries of manufacturing were evenly divided into both contracted and grown ones. The growth was strongest in electricity, gas, steam and air conditioning supply (13.1%), in the chemical industry (3.3%), and in water supply, sewerage, waste management and remediation activities (2.9%). The drop was fastest in the electrical and electronics industry (-17.4%), in the metal industry (-7.4%), and in the textile, clothing and leather industry (-7.2%).

When examining the whole of 2012, the growth in the turnover of manufacturing enterprises started to decline in the middle of the year. In the first two quarters of the year, the growth was still close on two per cent compared with the corresponding quarters of the previous year. On the level of the whole year, the turnover was 0.6 per cent lower than in the year before. Export turnover contracted by 0.2 per cent and domestic sales by 1.0 per cent compared to one year earlier.

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, December, Statistics Finland

Inquiries: Ulla Virtanen 09 1734 3347, 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) (14.3.2013)

Figures

• Appendix figure 1. Trend series on total turnover, domestic turnover and export turnover in manufacturing 1/2000 - 12/2012 (14.3.2013)
• Appendix figure 2. Trend series on total turnover, domestic turnover and export turnover in the forest industry 1/2000 - 12/2012 (14.3.2013)
• Appendix figure 3. Trend series on total turnover, domestic turnover and export turnover in the chemical industry 1/2000 - 12/2012 (14.3.2013)
• Appendix figure 4. Trend series on total turnover, domestic turnover and export turnover in the electronic and electrical industry 1/2000 - 12/2012 (14.3.2013)

Revisions in these statistics

• Revisions in these statistics (14.3.2013)

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Updated 14.3.2013