Finland Times

 

 

The turnover of large enterprises contracted by 3.2 per cent in August 2014 compared with the corresponding period of the previous year.

 

According to Statistics Finland's preliminary data, the turnover of large enterprises decreased by 1.6 per cent in the January-to-August period compared with the corresponding period of the year before.

 

In August, seasonally adjusted turnover grew for large enterprises by 0.4 per cent from July. In July, seasonally adjusted turnover decreased by 1.1 per cent, while in June, turnover was 0.4 per cent greater than in the month before.

 

The turnover estimate of large enterprises is based on a sample formed of 2,000 enterprises with the most significant turnover in manufacturing, construction, trade and other service industries. Excluded from the statistics are enterprises engaged in primary production, and bank and insurance activities.

 

The enterprises described in the statistics make up nearly 70 per cent of the turnover of all enterprises operating in Finland, represent more than one-half of the investments made and employ good 40 per cent of the personnel of all enterprises.

 

The data can be used for short-term monitoring of development in business activities and the market. Because the economic development of smaller enterprises may differ from large enterprises, the economic situation of the whole enterprise sector cannot be assessed solely based on these statistics.