Home > Statistics > Turnover of trade > 2008 > May > Retail trade sales grew by 9.8 per cent in May

Published: 15 July 2008

Retail trade sales grew by 9.8 per cent in May

According to Statistics Finland, retail trade sales were 9.8 per cent higher in May 2008 than one year earlier. Department store sales grew by 10.5 per cent and daily consumer goods sales by 13.2 per cent. Wholesale trade sales went up by 11.1 per cent. Motor vehicle sales also increased by 2.1 per cent. In total trade, sales grew by 10.5 per cent in May.

The cumulative annual change in retail trade sales over the January to May period was 9.1 per cent. In the same period the corresponding figure for motor vehicle sales stood at 5.9 per cent and for wholesale trade sales at 12.7 per cent. In total trade, sales grew by 10.9 per cent year-on-year in the January to May period.

Annual change in turnover in trade industries in latest past quarters, and in May and early part of 2008, %

	Annual change by quarter %				Annual change in latest month %*	Cumulative annual change**
	04-06/07	07-09/07	10-12/07	01-03/08	05/08	01-05/08
Total trade	7.0	6.3	6.6	8.3	10.5	10.9
Motor vehicle trade	7.8	7.6	-3.7	4.0	2.1	5.9
Wholesale trade	7.2	5.6	9.1	10.1	11.1	12.7
Retail trade	5.7	6.8	6.7	7.2	9.8	9.1
- daily consumer goods trade	5.1	4.9	7.5	9.8	13.2	10.7
- department store trade	4.9	7.6	7.7	3.6	10.5	7.8
*) Annual change compares May 2008 to the corresponding month of the year before. **) Cumulative annual change compares January-May 2008 to the corresponding period of the year before.

As of the data released at the beginning of May 2008, monthly trend indicators have been calculated with a revised method. The revision affects both the calculation method and the calculation system of the indicators.

The main revisions to the calculation methods of the trend indicators concern the treatment of missing observations from the accumulation period, enterprise openings and closures, and foreign-owned enterprises. Further information on the methodological revision is available from Mr Antti Santaharju, tel. +358 9 1734 2720.

Source: Wholesale and retail trade 2008, May, Statistics Finland

Inquiries: Retail trade: Mr Marko Tuomiaro +358 9 1734 2705 and Ms Eeva Immonen +358 9 1734 3464
Motor vehicle trade and Wholesale trade: Ms Aila Kovanen +358 9 1734 3384

Director in charge: Ms Hannele Orjala

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Last updated 15.7.2008