Finland Times

 

Turnover in manufacturing in the October to December period was 3.5 per cent lower than in the corresponding period of the year before, according to Statistics Finland.

 

Domestic sales grew by 0.4 per cent and export turnover contracted by 6.1 per cent from one year ago.

 

Turnover went down from the corresponding period of the previous year in nearly all manufacturing (C) sub-industries.

 

The drop was fastest in the chemical industry, 14.0 per cent and in the electrical and electronics industry, 6.4 per cent. More turnover than in the previous year was generated only in the forest industry, 2.7 per cent, and in the textile, clothing and leather industry, 0.6 per cent, the data show. 

 

The turnover of all other main categories of manufacturing industries also declined. It contracted by 2.1 per cent in water supply, sewerage, waste management and remediation activities, by 6.9 per cent in electricity, gas, steam and air conditioning supply, and by 9.7 per cent in mining and quarrying from the corresponding period last 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 value added tax data which are supplemented with data obtained with Statistics Finland’s sales inquiry.