Home > Statistics > Turnover of trade > 2019 > August > Turnover of trade grew by 1.2 per cent in August

Published: 14 October 2019

Turnover of trade grew by 1.2 per cent in August

According to Statistics Finland, the working day adjusted turnover of total trade grew by 1.2 per cent in August compared to August 2018. The working day adjusted sales volume, from which the impact of price changes has been eliminated, also increased by 1.3 per cent over the same period. Both turnover and sales volume grew in all industries of trade apart from wholesale trade.

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

In retail trade, the working day adjusted turnover increased altogether by 4.5 per cent in August. Among its industries, growth was fastest in department store and specialised store trade. The turnover in department store trade was 7.0 per cent and that in specialised store trade 5.8 per cent higher than one year earlier. The sales volume of these industries also developed favourably. In daily consumer goods trade, turnover grew, in turn, by 3.3 per cent and the sales volume by 1.0 per cent. Motor vehicle trade also grew by close on one per cent in August. By contrast, the working day adjusted turnover and sales volume of wholesale trade both decreased by around half a per cent from one year ago.

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

Turnover and sales volume almost on level with the previous month

The seasonally adjusted turnover and sales volume of total trade both grew slightly by 0.1 per cent in August compared to July. In July, turnover remained on the same level with the previous month and the sales volume went down by 0.2 per cent over the same period.

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

In January to August, the working day adjusted turnover of total trade increased by 1.3 per cent and the sales volume by 0.5 per cent from the corresponding period of 2018.

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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Appendix tables

• Appendix table 1. Annual change of working day adjusted turnover and sales volume in industries of trade, % (TOL 2008) (14.10.2019)

Revisions in these statistics

• Revisions in these statistics (14.10.2019)

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Updated 14.10.2019