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Published: 13 November 2019

In September, turnover increased in all sectors of trade

According to Statistics Finland, turnover in total trade adjusted for working days grew by 3.0 per cent in September year-on-year and the development was positive in all sectors of trade. Over the same time period, the working day adjusted volume of sales, from which the impact of prices has been eliminated, increased by 3.5 per cent. Growth was strongest in motor vehicle trade, where both turnover and the volume of sales grew by 10.7 per cent. The development was in part affected by the new WLTP measuring method for emissions introduced at the beginning of September 2018, which weakened the growth in motor vehicle trade one year ago.

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

In September, working day adjusted turnover of wholesale trade increased by one per cent and the volume of sales by 1.7 per cent year-on-year. In retail trade, the working day adjusted turnover grew by 3.6 per cent in September. The biggest growth among retail trade industries was seen in department store trade and daily consumer goods trade. The turnover of department store trade was 3.7 per cent and that of daily consumer goods trade 3.5 per cent higher than one year earlier. The volume of sales in these industries also developed favourably. In specialised store trade, working day adjusted turnover increased by 2.8 per cent and sales volume by 4.7 per cent.

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

Turnover and sales volume grew by close on one per cent month-on-month

Seasonally adjusted turnover and sales volume in total trade both grew by 0.7 per cent in September compared to August. In August, turnover and sales volume increased by 0.4 per cent from the month before.

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

During January to September, turnover in total trade adjusted for working days grew by one per cent and sales volume by 0.4 per cent from the corresponding period in 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, Aki Niskanen 029 551 2657, 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) (13.11.2019)

Revisions in these statistics

• Revisions in these statistics (13.11.2019)

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Updated 13.11.2019