Turnover of trade

Producer: Statistics Finland
Homepage: http:// www.stat.fi/til/klv/index_en.html
Main topic: Trade
Related topics: Enterprises
Official Statistics of Finland (OSF): Yes
European Statistical System (ESS): Yes

Description

The index of turnover of trade describes development in the turnover of enterprises engaged in trade. Turnover for the largest enterprises in their respective industries is described with the data collected with the sales inquiry while the data on sales obtained from periodic tax returns are exploited to describe the turnover of other enterprises. Turnover is exclusive of value-added tax. In addition, the volume index of retail trade sales, from which the impact of prices has been eliminated, is produced on trade.

The calculation is based on estimation of change. Sums by industry are calculated with data on the enterprises for which comparable data on turnover are available for both the examined month and the corresponding month of the previous year. The obtained sums are used to calculate annual changes by industry. Because preliminary data can only be calculated from the data Statistics Finland has obtained by inquiring enterprises direct, their calculation is based purely on the estimation of change, whereas the impact of enterprise openings and closures on the produced indices is also taken into account in the calculation of revised data. The annual changes thus obtained are used to raise the turnover index of the corresponding month of the previous year. The latest index figures may become slightly revised as new data accumulate and enterprises report changes to their data. Due to supplementations, the data will become updated in releases for over twelve months. The statistics and indices compiled from the data are public under the condition that no individual enterprise’s data can be identified from them.

Indicators of turnover are also published for sub-industries in construction, other services and manufacturing. Data on the turnover and export turnover of other industries, enterprise groups and areas can also be produced to order as special compilations.

Data content

A statistical release of the latest data on the motor vehicle, wholesale and retail trade is made monthly at a lag of approximately 45 days basing on the preliminary data obtained with the survey of large enterprises. Preliminary data are also released on the retail trade subgroups of retail sales of perishable goods and retail sales in department stores, and on the wholesale trade subgroup of non-specialised wholesale. Data by more detailed industrial breakdown are published at a lag of about 75 days from the end of the examined month on Statistics Finland's website.

Indices on trade turnover are published for the following activities:

TRADE, TOTAL G

WHOLESALE AND RETAIL TRADE AND REPAIR OF MOTOR VEHICLES AND MOTORCYCLES 45

WHOLESALE TRADE 46

RETAIL TRADE 47 - Retail sale of perishable goods (4711, 472)

Classifications used

Standard Industrial Classification 2008.

Data collection methods and data sources

The turnover indices are based on the Tax Administration’s periodic tax return data and on Statistics Finland’s sales inquiry. The Tax Administration’s data cover all enterprises that are liable for value added tax and pay wages and salaries. The material comprises data collected in connection with the value added tax and employer contribution payment and reporting procedure. The sales inquiry mainly asks about turnover at the enterprise level, but to improve purity by industry, enterprises operating in multiple industries are divided into industry-specific units. Basic information on enterprises, such as their industry, that is available from Statistics Finland’s Register of Enterprises and Establishments is also utilised in calculating the indices.

Data collections

Updating frequency

Monthly.

Time of completion or release

Preliminary data approximately 45 days and revised data about 75 days after the end of the statistical reference time period.

Time series

Starting from 1995. The base year of the time series is 2010 (2010=100)

Keywords

business cycles, economic fluctuation, enterprises, indices, industries, motor vehicle trade, motor vehicles, motorcar, retail trade, trade, turnover, vehicles, wholesale and retail trade, wholesale trade

Contact information

http://tilastokeskus.fi/til/klv/yht_en.html


Last updated 29.01.2014

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