Turnover of construction drops by 6.8% in Nov Y-o-Y

The working day adjusted turnover of construction enterprises decreased by 6.8 per cent in November 2023 compared to the previous year, according to Statistics Finland.

The volume of sales, from which the impact of price changes has been eliminated, went down by 6.9 per cent.

The decline in construction was most affected by the weak development of turnover and sales volume in building construction.

In November 2023, working day adjusted turnover in construction of buildings fell by 14.5 per cent and sales volume by 14.7 per cent compared to one year ago.

In turn, working day adjusted turnover in civil engineering increased by 9.0 per cent and sales volume by 5.9 per cent from the previous year.

Turnover in specialised construction activities went down by 4.2 per cent and sales volume by 4.4 per cent from one year ago.

Seasonally adjusted turnover in construction decreased slightly compared to September

Seasonally adjusted turnover in construction decreased by 0.5 per cent in November 2023 compared to October. Seasonally adjusted sales volume decreased by 0.4 per cent from October.