Turnover of large enterprises rises in Nov

The seasonally adjusted turnover of large enterprises grew by 0.8 per cent in November 2017 compared with that in October, according to Statistics Finland’s preliminary data.

In October and September, the seasonally adjusted turnover of large enterprises grew by 0.4 per cent compared to that in the preceding month.

The unadjusted turnover of large enterprises grew by 5.7 per cent in November 2017 compared to that in November 2016. The turnover of large enterprises grew by 6.5 per cent in January to November from one year ago.

Turnover estimate of large enterprises will adopt base year 2015=100 from the January 2018 data. Data using the new base year will be published for the first time on 28 February 2018.

The turnover estimate of large enterprises is based on a sample formed of 2,000 enterprises with the most significant turnover in manufacturing, construction, trade and other service industries. Excluded from the statistics are enterprises engaged in primary production, and bank and insurance activities.

The enterprises described in the statistics make up nearly 70 per cent of the turnover of all enterprises operating in Finland, representing more than one-half of the investments made that employ good 40 per cent of the personnel of all enterprises.

The data can be used for short-term monitoring of development in business activities and the market. The economic situation of the whole enterprise sector cannot be assessed solely based on these statistics, because the economic development of smaller enterprises may differ from large enterprises.

More detailed data on the development of various industries are published monthly on the home pages of business trend indicators.