A more recent publication of this set of statistics is available.

Latest publication: Turnover of trade 2019, September

Published: 13 June 2019

Development of turnover and sales volume in trade more positive in April than in the previous months

According to Statistics Finland, the working day adjusted turnover of total trade grew by 2.9 per cent in April compared to April 2018. In the previous four months, turnover growth has remained under two per cent. The working day adjusted sales volume, from which the impact of price changes has been eliminated, also increased by 1.3 per cent in April. The development of turnover and sales volume was positive in all industries of trade apart from motor vehicle trade.

Annual change in working day adjusted turnover and sales volume in total trade (G), %

Annual change in working day adjusted turnover and sales volume in total trade (G), %

The working day adjusted turnover of motor vehicle trade decreased by 2.5 per cent and the sales volume, in turn, by 2.1 per cent from one year ago. In wholesale trade, the working day adjusted turnover grew by 3.5 per cent in April. Due to a rise in prices, the sales volume of the industry grew clearly less than turnover, by around half a per cent. The working day adjusted turnover of retail trade increased by 4.1 per cent and the sales volume by 3.6 per cent from the previous year. Retail trade was boosted by daily consumer goods, department store and specialised store trade.

Annual change in working day adjusted turnover and sales volume in industries of trade, April 2019, % (TOL 2008)

Annual change in working day adjusted turnover and sales volume in industries of trade, April 2019, % (TOL 2008)

Turnover grew by close on one per cent from the previous month

The seasonally adjusted turnover of total trade grew by 0.8 per cent in April compared to March. The sales volume also increased by 0.6 per cent over the same period. In March, turnover grew by 0.3 per cent, whereas the sales volume remained on the same level with the previous month.

Change in seasonally adjusted turnover and sales volume in total trade (G) from the previous month, %

Change in seasonally adjusted turnover and sales volume in total trade (G) from the previous month, %
In January to April, the working day adjusted turnover of total trade increased by 1.6 per cent and the sales volume slightly by 0,1 per cent from the corresponding period of 2018.

Trend of turnover and sales volume in total trade

Trend of turnover and sales volume in total trade

The calculation of indices of turnover of trade is based on the Tax Administration’s data on self-assessed taxes, which are supplemented with Statistics Finland’s sales inquiry. The volume index of sales is calculated by removing the effect of price changes from the value index series.

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.

The data for the latest month are preliminary and they may become significantly revised particularly on more detailed industry levels in coming months.


Source: Turnover of trade, Statistics Finland

Inquiries: Suvi Kiema 029 551 3509, Seija Karttunen 029 551 2741, palvelut.suhdanne@stat.fi

Director in charge: Mari Ylä-Jarkko

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Tables

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Appendix tables

Revisions in these statistics

Updated 13.06.2019

Referencing instructions:

Official Statistics of Finland (OSF): Turnover of trade [e-publication].
ISSN=1799-0939. April 2019. Helsinki: Statistics Finland [referred: 20.11.2019].
Access method: http://www.stat.fi/til/klv/2019/04/klv_2019_04_2019-06-13_tie_002_en.html