Published: 13 November 2019

In September, turnover of construction enterprises grew by 1.9 per cent

The working day adjusted turnover of construction enterprises grew by 1.9 per cent year-on-year in September. Among the industries, development was most favourable in civil engineering, where working day adjusted turnover grew by 4.0 per cent. Measured by sales volume, this was the only growing industry. Among all industries, development was weakest in building construction.

Annual change in working day adjusted turnover and sales volume of construction, September 2019, %

Annual change in working day adjusted turnover and sales volume of construction, September 2019, %
The development of turnover of building construction has been subdued already for the last five months. The turnover growth of 0.2 per cent in September was only marginally positive. The sales volume of building construction decreased by 3.6 per cent and pushed the sales volume of the entire construction industry down by 1.2 per cent. The turnover in specialised construction activities has grown evenly for a long time already and in September the growth amounted to 3.2 per cent. However, the sales volume decreased slightly in enterprises in this industry.

Annual change in working day adjusted turnover and sales volume of construction, September 2019, %

Annual change in working day adjusted turnover and sales volume of construction, September 2019, %

Turnover and sales volume decreased compared to August

Seasonally adjusted turnover in construction decreased by 0.4 per cent in September from August. The seasonally adjusted sales volume, in turn, fell by 0.6 per cent from one month ago.

Change in seasonally adjusted turnover and sales volume of construction from the previous month, %

Change in seasonally adjusted turnover and sales volume of construction from the previous month, %

The calculation of indices of turnover of construction is based on the Tax Administration’s data on self-assessed taxes, which are supplemented with Statistics Finland’s sales inquiry. The monthly turnover of construction enterprises can have even large variations due to invoicing practices. The final invoice for major projects may be recorded in the sales of one month, even if the project had required the work of several months or years.

The factors caused by the variation in the number of weekdays are taken into account in adjustment for working days. This means taking into consideration the lengths of months, different weekdays and holidays. In addition, seasonal variation is eliminated from seasonally adjusted series, on account of which it makes sense to compare observations of two successive months as well.

The data for the latest month are preliminary and they may become significantly revised particularly on more detailed industry levels in coming months.

Trends in turnover of construction by industry (TOL 2008)

Trends in turnover of construction by industry (TOL 2008)

Source: Index of turnover of construction, Statistics Finland

Inquiries: Lauri Pullinen 029 551 3043, Liina Arhosalo 029 551 3612, rakennus.suhdanne@stat.fi

Director in charge: Mari Ylä-Jarkko

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Tables

Tables in databases

Appendix tables

Revisions in these statistics

Updated 13.11.2019

Referencing instructions:

Official Statistics of Finland (OSF): Index of turnover of construction [e-publication].
ISSN=1798-5935. September 2019. Helsinki: Statistics Finland [referred: 9.12.2019].
Access method: http://www.stat.fi/til/rlv/2019/09/rlv_2019_09_2019-11-13_tie_001_en.html