Home > Statistics > Index of turnover in industry > 2017 > October > Turnover in manufacturing grew by 6.5 per cent in August to October

Published: 15 January 2018

Turnover in manufacturing grew by 6.5 per cent in August to October

According to Statistics Finland, turnover in manufacturing in the August to October period was 6.5 per cent higher than in the corresponding period of the year before. Domestic sales grew by 5.0 per cent and export turnover by 7.7 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 . The growth was strongest in the metal industry, by 8.3 per cent, in the electrical and electronics industry, by 7.0 per cent, and in the forest industry, by 6.7 per cent. Turnover grew slowest in the food industry, by 2.9 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 increased year-on-year. Turnover grew strongest in the industry of mining and quarrying, by 20.5 per cent. Turnover in water supply, sewerage, waste management and remediation activities increased by 6.2 per cent, and in electricity, gas, steam and air conditioning supply by 5.4 per cent compared with the previous 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 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.

Index of turnover in industry will adopt base year 2015=100 from the January 2018 data. Data using the new base year will be published for the first time in April 2018.

Industries of enterprises have been revised in the data released in January

Starting from this statistical release the latest industries defined by the Business Register have been taken into use in the turnover and wage and salary indices. The industry corrections are visible as revised data in some of the published industries for the years 2016-2017. The effects of the changes are taken into consideration in statistics production so that no breaks occur in the time series of the published index series. The interpretation of the statistics also remains unchanged in the renewal. Revisions to annual changes in industries are presented under Revisions in these statistics.

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

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

Director in charge: Sami Saarikivi

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Appendix tables

• Appendix table 1. Year-on-year change in turnover by industry, % (TOL 2008) (15.1.2018)

Figures

• Appendix figure 1. Trend series on total turnover, domestic turnover and export turnover in manufacturing (15.1.2018)
• Appendix figure 2. Trend series on total turnover, domestic turnover and export turnover in the forest industry (15.1.2018)
• Appendix figure 3. Trend series on total turnover, domestic turnover and export turnover in the chemical industry (15.1.2018)
• Appendix figure 4. Trend series on total turnover, domestic turnover and export turnover in the electronic and electrical industry (15.1.2018)

Revisions in these statistics

• Revisions in these statistics (15.1.2018)

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Updated 15.1.2018