Tuesday September 21, 2021
Year-on-year turnover of construction enterprises grows in June
Published : 02 Aug 2021, 01:18
Updated : 02 Aug 2021, 01:21
The working day adjusted turnover of construction enterprises grew by 6.8 per cent in June 2021 compared to the turnover in June 2020, according to Statistics Finland.
The turnover, however, decreased compared with the previous month.
According to the preliminary data, seasonally adjusted turnover in construction decreased by 0.4 percent in June 2021 from May.
In May, seasonally adjusted turnover increased by 1.8 per cent and in April turnover increased by 1.4 per cent from one month ago.
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.