Home > Statistics > Index of turnover in industry > 2013 > July > Turnover in manufacturing contracted by good 4 per cent in May to July from the year before

Published: 15 October 2013

Turnover in manufacturing contracted by good 4 per cent in May to July from the year before

According to Statistics Finland, turnover in manufacturing was 4.4 per cent lower in the May to July period than in the corresponding period of the year before. Domestic sales contracted by 10.4 per cent and export turnover grew by 0.8 per cent from one year ago.

Three months' year-on-year change in turnover in manufacturing (C) sub-industries (TOL 2008)

Turnover went down from the corresponding period of the previous year in nearly all manufacturing (C) sub-industries . The declines were fastest in the electronic and electrical industry (-14.8%) and in the metal industry (-9.4%). Turnover grew in the food industry (2.9%) and in the chemical industry (0.7%).

Three months' year-on-year change in turnover in main industrial categories (TOL 2008)

In the main categories of other industries , mining and quarrying decreased by 24.9 per cent in the May to July period compared with one year earlier. Turnover in electricity, gas, steam and air conditioning supply grew by 4.0 per cent and in water supply, sewerage, waste management and remediation activities by 1.3 per cent from one year ago.

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 2013, July, 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) (15.10.2013)

Figures

• Appendix figure 1. Trend series on total turnover, domestic turnover and export turnover in manufacturing (15.10.2013)
• Appendix figure 2. Trend series on total turnover, domestic turnover and export turnover in the forest industry (15.10.2013)
• Appendix figure 3. Trend series on total turnover, domestic turnover and export turnover in the chemical industry (15.10.2013)
• Appendix figure 4. Trend series on total turnover, domestic turnover and export turnover in the electronic and electrical industry (15.10.2013)

Revisions in these statistics

• Revisions in these statistics (15.10.2013)

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Updated 15.10.2013