Home > Statistics > Index of turnover in industry > 2018 > October > Turnover in manufacturing increased by good 9 per cent

Published: 15 January 2019

Turnover in manufacturing increased by good 9 per cent

According to Statistics Finland, turnover in manufacturing in the August to October period was 9.4 per cent higher than in the corresponding period of the year before. Domestic sales grew by 5.3 per cent and export turnover by 12.5 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 . Growth was strongest in the chemical industry, 18.4 per cent, and in the electrical and electronics industry, 14.0 per cent. The slowest growth was recorded in the textile, clothing and leather industry, 0.6 per cent, and in the food industry, 1.4 per cent.

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

The turnover of all main categories of manufacturing industries grew year-on-year. Turnover growth was strongest in the industry of electricity, gas, steam and air conditioning supply, 11.9 per cent. Turnover in water supply, sewerage, waste management and remediation activities increased by 3.6 per cent, and in mining and quarrying by 0.8 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.

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 2017–2018. 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 2018, October, Statistics Finland

Inquiries: Maija Sappinen 029 551 3348, 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) (15.1.2019)

Figures

• Appendix figure 1. Trend series on total turnover, domestic turnover and export turnover in manufacturing (15.1.2019)
• Appendix figure 2. Trend series on total turnover, domestic turnover and export turnover in the forest industry (15.1.2019)
• Appendix figure 3. Trend series on total turnover, domestic turnover and export turnover in the chemical industry (15.1.2019)
• Appendix figure 4. Trend series on total turnover, domestic turnover and export turnover in the electronic and electrical industry (15.1.2019)

Revisions in these statistics

• Revisions in these statistics (15.1.2019)

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Updated 15.1.2018