Home > Statistics > Index of turnover in industry > 2017 > May > Turnover in manufacturing increased by 8.3 per cent in the March to May

Published: 15 August 2017

Turnover in manufacturing increased by 8.3 per cent in the March to May

According to Statistics Finland, turnover in manufacturing in the March to May period was 8.3 per cent higher than in the corresponding period of the year before. Domestic sales grew by 6.3 per cent and export turnover by 9.8 per cent from one year ago.

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

Turnover went up from the corresponding period of the previous year in all manufacturing (C) sub-industries . Turnover increased most in the chemical industry, by 13.7 per cent, and in the metal industry, by 9.9 per cent. The growth was slowest in the food industry, 1.5 per cent and in the textile, clothing and leather industry, 4.3 per cent.

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

The turnover of all other main categories of manufacturing industries also grew year-on-year. Turnover grew strongest in the industry of mining and quarrying, 27.1 per cent. Turnover in electricity, gas, steam and air conditioning supply grew by 6.7 per cent and in water supply, sewerage, waste management and remediation activities by 6.4 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 self-assessed 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.

Changes in the Tax Administration’s self-assessed tax data have not so far had an effect on the data of turnover indices

The effects of the changes in the Tax Administration's self-assessed tax data have been analysed in Statistics Finland’s turnover indices. Based on the analyses, the changes have thus far not been found to have significant effects on enterprises’ VAT reporting in terms of statistics production. More information about this in Changes in the periodic tax return data used in turnover indices.

Source: Index of turnover in industry 2017, May, Statistics Finland

Inquiries: Maija Sappinen 029 551 3348, Kirsi-Maaria Manninen 029 551 2681, myynti.teollisuus@stat.fi

Director in charge: Sami Saarikivi

Publication in pdf-format (367.6 kB)

Tables

Tables in databases

Pick the data you need into tables, view the data as graphs, or download the data for your use.

• Database tables and their variables
• Archived tables

Appendix tables

• Appendix table 1. Year-on-year change in turnover by industry, % (TOL 2008) (15.8.2017)

Figures

• Appendix figure 1. Trend series on total turnover, domestic turnover and export turnover in manufacturing (15.8.2017)
• Appendix figure 2. Trend series on total turnover, domestic turnover and export turnover in the forest industry (15.8.2017)
• Appendix figure 3. Trend series on total turnover, domestic turnover and export turnover in the chemical industry (15.8.2017)
• Appendix figure 4. Trend series on total turnover, domestic turnover and export turnover in the electronic and electrical industry (15.8.2017)

Revisions in these statistics

• Revisions in these statistics (15.8.2017)

---

Updated 15.8.2017