Home > Statistics > Index of turnover in industry > 2015 > October > Turnover in manufacturing contracted by good 7 per cent in August to October

Published: 15 January 2016

Turnover in manufacturing contracted by good 7 per cent in August to October

According to Statistics Finland, turnover in manufacturing in the August to October period was 7.2 per cent lower than in the corresponding period of the year before. Domestic sales contracted by 3.8 per cent and export turnover by 9.7 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 decline was fastest in the electrical and electronics industry, 18.5 per cent, in the chemical industry, 16.6 per cent, and in the textile, clothing and leather industry, 10.6 per cent. In the forest industry, turnover remained almost unchanged, the drop only amounted to 0.1 per cent year-on-year.

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. Turnover in water supply, sewerage, waste management and remediation activities contracted by 1.5 per cent and that of electricity, gas, steam and air conditioning supply by 4.8 per cent from one year before. Turnover contracted most in mining and quarrying, by 7.9 per cent from the corresponding period in the year before.

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 2015, October, Statistics Finland

Inquiries: Atte Lintilä 029 551 2914, Kirsi-Maaria Manninen 029 551 2681, myynti.teollisuus@stat.fi

Director in charge: Mari Ylä-Jarkko

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Appendix tables

• Appendix table 1. Year-on-year change in turnover by industry, % (TOL 2008) (15.1.2016)

Figures

• Appendix figure 1. Trend series on total turnover, domestic turnover and export turnover in manufacturing (15.1.2016)
• Appendix figure 2. Trend series on total turnover, domestic turnover and export turnover in the forest industry (15.1.2016)
• Appendix figure 3. Trend series on total turnover, domestic turnover and export turnover in the chemical industry (15.1.2016)
• Appendix figure 4. Trend series on total turnover, domestic turnover and export turnover in the electronic and electrical industry (15.1.2016)

Revisions in these statistics

• Revisions in these statistics (15.1.2016)

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Updated 15.1.2016