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Turnover of large enterprises grows 2% in June

Published : 02 Aug 2020, 00:43

  DF Report

Photo Lapland Material Bank by Terhi Tuovinen.

The seasonally adjusted turnover of large enterprises grew by 2.0 per cent in June 2020 compared to May, according to Statistics Finland.

In May, seasonally adjusted turnover grew by 0.9 per cent, while in April, turnover was 8.3 per cent lower than in the month before. The exceptional situation caused by coronavirus had an effect on the development of large enterprises.

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 approximately 70 per cent of the turnover of all enterprises operating in Finland, represent more than one-half of the investments made and employ good 40 per cent of the personnel of all enterprises.