Finland Times

 

Three months' year-on-year change in turnover in manufacturing (C) sub-industries (TOL 2008). Source: Index of turnover in industry 2014, July, Statistics Finland.

Turnover in manufacturing was 0.9 per cent lower in the May to July period than in the corresponding period of the year before while domestic sales contracted by 3.9 per cent and export turnover grew by 1.3 per cent from one year ago.

 

According to Statistics Finland, turnover went down from the corresponding period of the previous year in nearly all manufacturing (C) sub-industries. Turnover contracted most in the textile, clothing and leather industry, by 5.4 per cent, in the electrical and electronics industry, by 4.8 per cent, and in the forest industry, by 2.0 per cent. Only the chemical industry generated more turnover than in the year before, 1.6 per cent.

 

In the main categories of other industries, mining and quarrying increased by 16.4 per cent and electricity, gas, steam and air conditioning supply by 3.4 per cent. The turnover of water supply, sewerage, waste management and remediation activities remained on level with the previous year.

 

Three months' year-on-year change in turnover in main industrial categories (TOL 2008). Source: Index of turnover in industry 2014, July, Statistics Finland.

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.