Home > Statistics > Turnover of trade > 2016 > June > Retail trade sales grew by 0.8 per cent year-on-year in June

Published: 12 August 2016

Retail trade sales grew by 0.8 per cent year-on-year in June

According to Statistics Finland, sales in total trade increased by 0.2 per cent in June from June 2015. In motor vehicle trade, the growth in sales continued strong, as sales grew in total by 11.4 per cent from one year ago. Sales of retail trade in turn went up by 0.8 per cent in June. Among retail trade industries, sales grew in both daily consumer goods trade and in department store trade by 1.8 per cent. Of trade industries, only wholesale trade sales declined, down by 2.6 per cent in June from one year ago.

Annual change in turnover in trade industries, % (TOL 2008)

Sales volume grew in total trade by 1.5 per cent in June from the year before

The sales volume in motor vehicle trade increased by 10.8 per cent from June 2015. The growth was affected by increased sales of new motor vehicles, as Statistics Finland’s data indicate that the number of first registrations of motor vehicles was also 13.4 per cent higher in June than in June 2015. The sales volume in retail trade increased by 1.6 per cent. The sales volume in wholesale trade, in turn, went down by 0.7 per cent from one year back. Thus, sales increased in total trade by 1.5 per cent in June.

The volume index of sales is calculated by removing the effect of price changes from the value index series. Due to fallen prices, the sales volume developed more favourably than turnover in all sectors of trade apart from motor vehicle trade.

Retail trade sales grew by 0.7 per cent in the first half of the year

Sales in total trade increased by 0.7 per cent in January to June from January to June 2015. In the corresponding period, motor vehicle sales went up by 10.6 per cent and retail trade sales by 0.7 per cent from one year previously. In turn, sales in wholesale trade decreased by 1.6 per cent in January to June from January to June 2015.

The reported annual changes in trade sales and sales volumes are not seasonally or trading day adjusted, which means that the effects of public holidays are not considered. The opening hours of retail shops were deregulated starting from 1 January 2016 after which some retail shops have extended their opening hours.

Source: Turnover of trade, Statistics Finland

Inquiries: Milka Suomalainen 029 551 2912, palvelut.suhdanne@stat.fi

Director in charge: Mari Ylä-Jarkko

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Appendix tables

• Appendix table 1. Year-on-year change in turnover in trade industries, % (TOL 2008) (12.8.2016)

Figures

• Appendix figure 1. Turnover of motor vehicles, wholesale and retail trade, trend series (TOL 2008) (12.8.2016)

Revisions in these statistics

• Revisions in these statistics (12.8.2016)

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Updated 12.08.2016