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Home BUSINESSService industry turnover grows by 3.3% in Q1
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Wed, 15 Jun, 2016 12:09:28 AM
FTimes Report, Jun 15
 
Three months' year-on-year change in turnover in services (TOL 2008). Source: Turnover of service industries, Statistics Finland.
Turnover in service industries grew by 3.3 per cent in January to March from the corresponding time period of the year before, according to Statistics Finland.
 
One year previously, turnover went up by 3.8 per cent over the same period.
 
The biggest growth was seen in information services activities, where turnover grew by 18.8 per cent from one year earlier, the statistics show.
 
Services are here examined exclusive of trade.
 
Nearly all service industries grew from one year ago.
 
In addition to information service activities, employment activities (+18.3%) and security and investigation activities (+16.3%) were the biggest growth industries among the service sub-industries in the first quarter.
 
Development was weakest in publishing activities (-3.2%), computer programming (-1.7%), telecommunications (-1.4%), and water transport (-0.5%) in all of which turnover decreased from one year ago.
 
Among the main service industries, development was most favourable in professional, scientific and technical activities, where turnover increased by 9.1 per cent from one year ago.
 
The share of professional, scientific and technical activities in service industries’ turnover is third largest, 16 per cent.
 
Within the industry, other professional, scientific and technical activities (+13.3%) and architectural and engineering activities (+12.2%) grew most.
 
Among the main service industries, development was still weakest in transportation and storage, where turnover decreased by 0.3 per cent from one year ago.
 
Transportation and storage had the biggest weight among service industries, measured by turnover with the share being 28 per cent.
 
Within the industry, turnover grew only in land and rail transport (+1.6%) and warehousing and support activities for transportation (+1.0%).
 
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