Home > Statistics > Turnover of trade > 2017 > January > Retail trade sales grew by 2.4 per cent year-on-year in January

Published: 15 March 2017

Retail trade sales grew by 2.4 per cent year-on-year in January

According to Statistics Finland, sales in total trade increased by 7.7 per cent in January from January 2016. Among the sectors of trade, sales grew most in motor vehicle and wholesale trade. Sales in motor vehicle trade grew by 10.6 per cent and sales in wholesale trade, in turn, by 10.2 per cent from one year back. Retail trade sales increased in January by 2.4 per cent year-on-year. Among retail trade industries, daily consumer goods trade grew by 1.9 per cent, whereas sales in department stores contracted by 4.9 per cent from January 2016.

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

Sales volume of retail trade increased by 2.8 per cent in January from the year before

The volume of retail trade sales grew by 2.8 per cent in January from January 2016. In motor vehicle trade, the sales volume grew by 10.2 per cent year-on-year. The sales volume in wholesale trade, in turn, increased by 5.1 per cent in January. Thus, sales volume increased in total trade by 4.9 per cent compared with January 2016.

The volume index of sales is calculated by removing the effect of price changes from the value index series.

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.

Changes in the periodic tax return data used in turnover indices

Statistics Finland’s turnover indices prepare for the change in the Tax Administration's value added tax data starting from data for January 2017. More about this under Changes in these Statistics . The change does not affect the preliminary data of the turnover of trade that is released at a lag of approximately 45 days. These data are based on Statistics Finland's sales inquiry.

Source: Turnover of trade, Statistics Finland

Inquiries: Milka Suomalainen 029 551 2912, Seija Karttunen 029 551 2741, 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) (15.3.2017)

Figures

• Appendix figure 1. Turnover of motor vehicles, wholesale and retail trade, trend series (TOL 2008) (15.3.2017)

Revisions in these statistics

• Revisions in these statistics (15.3.2017)

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Updated 15.03.2017