Construction Turnover Takes a Hit, Slipping 8.3% in March Year Over Year

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Turnover of construction drops by 8.3% in March Y-o-Y

The working day adjusted turnover of construction enterprises decreased by 8.3 per cent in March 2024 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 6.2 per cent.

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

The turnover and sales volume of construction decreased in most industries.

In March 2024, working day adjusted turnover in construction of buildings fell by 16.1 per cent and sales volume by 14.6 per cent compared to one year ago.

In turn, working day adjusted turnover in civil engineering increased by 5.8 per cent and sales volume by 3.5 per cent from the previous year.

The values of civil engineering are generally lower at the beginning of the year, so the growth must be interpreted against this background.

Turnover in specialised construction activities went down by 4.0 per cent and sales volume by 2.4 per cent from one year ago.

Seasonally adjusted turnover in construction increased by 0.2 per cent in March compared to February. Seasonally adjusted sales volume increased by 0.2 per cent in March from February.

Source: www.dailyfinland.fi

7 Comments
  1. EmilySmith78 says

    It’s concerning to see the significant drop in construction turnover, especially in building construction. This could potentially have a negative impact on the overall economy if the trend continues. It’s essential for policymakers to closely monitor and address the factors contributing to this decline.

  2. EmilySmith83 says

    It’s concerning to see the construction turnover slipping so significantly year over year. The decrease in building construction turnover and sales is particularly worrisome. Hopefully, the civil engineering sector’s growth can help offset some of the overall decline in the industry.

  3. SarahSmith88 says

    It’s concerning to see such a significant decline in the turnover of construction enterprises. The decrease in building construction turnover and sales volume is particularly alarming, indicating potential challenges in the sector. The uptick in civil engineering turnover provides a glimmer of hope, but overall trends suggest a struggling industry that needs attention and support to bounce back.

  4. EmmaThinks says

    It’s concerning to see such a significant drop in construction turnover. The statistics clearly indicate a challenging period for the industry, especially in building construction. Hopefully, there will be strategies put in place to address this negative trend and foster growth in the coming months.

  5. EmilySmith says

    It’s concerning to see the significant decrease in construction turnover. The statistics reflect a challenging time for the industry, especially with the sharp decline in building construction. The slight increase in civil engineering turnover provides a glimmer of hope, but overall, the sector seems to be facing tough times ahead.

  6. SamJohnson says

    How do you think the recent decrease in construction turnover will impact the overall economy in the upcoming months?

    1. JennySmith says

      I believe the recent decrease in construction turnover could have significant implications for the overall economy moving forward. Construction is a key sector that influences various other industries and has a ripple effect on employment, investment, and consumer spending. If this trend continues, it might lead to slower economic growth and potentially affect the real estate market as well. It’s crucial for policymakers to closely monitor these developments and consider appropriate interventions to stimulate growth.

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