Home > Statistics > Turnover of trade > 2019 > November > Turnover in trade grew by 0.5 per cent in November

Published: 15 January 2020

Turnover in trade grew by 0.5 per cent in November

According to Statistics Finland, turnover in total trade adjusted for working days increased by 0.5 per cent in November from November 2018. Over the same time period, the working day adjusted volume of sales, from which the impact of prices has been eliminated, increased by 1.2 per cent. Both turnover and sales volume grew in all trade industries except for wholesale trade.

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

In November, working day adjusted turnover in motor vehicle trade increased by 4.8 per cent and the volume of sales by 4.2 per cent year-on-year. In retail trade, working day adjusted turnover and sales volume both increased by slightly more than two per cent. 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 3.8 per cent and that of daily consumer goods trade 3.1 per higher than one year earlier. The volume of sales in these industries also developed favourably. In specialised store trade, turnover increased by 0.9 per cent and sales volume by 2.4 per cent. In wholesale trade, working day adjusted turnover and sales volume fell from the year before.

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

Turnover in trade remained on level with the previous month

Seasonally adjusted turnover in total trade remained in November on level with the previous month. Over the same time period, the volume of sales fell just slightly by 0.1 per cent. In October, both turnover and sales volume, in turn, decreased by around half a per cent compared to the previous month.

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

During January to November, turnover in total trade adjusted for working days grew by 0.9 per cent and sales volume by 0.6 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, Reetta-Maria Salokannel 029 551 3657, 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) (15.1.2020)

Revisions in these statistics

• Revisions in these statistics (15.1.2020)

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Updated 15.01.2020