Home > Statistics > Index of turnover in industry > 2015 > January > Turnover in manufacturing contracted by nearly 4 per cent in November to January

Published: 15 April 2015

Turnover in manufacturing contracted by nearly 4 per cent in November to January

According to Statistics Finland, turnover in manufacturing in the November to January period was nearly four per cent lower than in the corresponding period of the year before. Domestic sales contracted by 5.6 per cent and export turnover by 2.8 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 all manufacturing (C) sub-industries . Turnover contracted most in the chemical industry, by 13.1 per cent, in the electrical and electronics industry, by 9.0 per cent, and in the textile, clothing and leather industry, by 6.9 per cent. The turnover in the metal industry decreased least, by 1.3 per cent.

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

The turnover of the main categories of other industries also declined. The turnover in electricity, gas, steam and air conditioning supply contracted by 2.1 per cent, in water supply, sewerage, waste management and remediation activities by 2.4 per cent, and in mining and quarrying activities by 8.2 per cent year-on-year.

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.

New seasonal adjustment software adopted

Starting from the January 2015 data, a new seasonal adjustment software J-Demetra+ will be adopted in the indices of turnover. The software change does not affect the used seasonal adjustment method. The change does not influence the interpretation or use of the time series either. More about the implementation of the software Changes in these statistics.

Source: Index of turnover in industry 2015, January, Statistics Finland

Inquiries: Atte Lintilä 029 551 2914, Kirsi-Maaria Manninen 029 551 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) (15.4.2015)

Figures

• Appendix figure 1. Trend series on total turnover, domestic turnover and export turnover in manufacturing (15.4.2015)
• Appendix figure 2. Trend series on total turnover, domestic turnover and export turnover in the forest industry (15.4.2015)
• Appendix figure 3. Trend series on total turnover, domestic turnover and export turnover in the chemical industry (15.4.2015)
• Appendix figure 4. Trend series on total turnover, domestic turnover and export turnover in the electronic and electrical industry (15.4.2015)

Revisions in these statistics

• Revisions in these statistics (15.4.2015)

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Updated 15.4.2015