Turnover of large enterprises recorded minimal growth in July

According to Statistics Finland's preliminary data, the seasonally adjusted turnover of large enterprises grew by 0.2% in July 2019 compared with June.

In June, seasonally adjusted turnover grew by 0.4%, while in May, turnover was 0.5 per cent lower than in the month before.

The unadjusted turnover of large enterprises grew by 4.8 per cent in July 2019 compared with July 2018. The turnover of large enterprises grew by 3.0 per cent in January to July from one year ago.

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.

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.