Home > Statistics > Turnover of trade > 2021 > February > Turnover in trade grew by 3.9 per cent in February, wholesale trade also increased

Published: 15 April 2021

Turnover in trade grew by 3.9 per cent in February, wholesale trade also increased

According to Statistics Finland, turnover in total trade adjusted for working days grew by 3.9 per cent in February from February 2020. Over the same period, the working day adjusted volume of sales in total trade, from which the impact of prices has been eliminated, increased by 2.9 per cent. Turnover and sales volume increased in all main sectors of trade in February. In this year's January, turnover went up by 1.8 per cent, while sales volume rose correspondingly by 2.3 per cent.

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

The over one-year-long pessimistic development of turnover in the biggest industry of trade, wholesale trade, made an upturn of 2.5 per cent in February. The working day adjusted sales volume of wholesale trade also increased in February by exactly one per cent year-on-year. Turnover in motor vehicle trade rose by 4.2 per cent and sales volume by 2.4 per cent.

In retail trade, working day adjusted turnover grew in February in total by 4.8 per cent and sales volume by 4.7 per cent. Among retail trade industries, daily consumer goods trade grew clearly fastest, as turnover went up by 7.6 per cent and sales volume by 6.2 per cent. The turnover and sales volume of department store trade went up by over two per cent from February 2020. Among retail trade industries, the development was weakest in specialised store trade, where turnover fell by 3.1 per cent and sales volume by 1.5 per cent from a year ago.

Annual change in working day adjusted turnover and sales volume in industries of trade, February 2021, % (TOL 2008)

Both turnover and sales volume increased compared to January

Seasonally adjusted turnover in total trade grew by 1.2 per cent in February compared to January. Seasonally adjusted sales volume grew by 0.5 per cent during the same period. In January, turnover rose by 2.4 per cent and sales volume by 1.6 per cent from the month before.

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

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, Mauri Niiniaho 029 551 3409, palvelut.suhdanne@stat.fi

Head of Department in charge: Katri Kaaja

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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) (15.4.2021)

Revisions in these statistics

• Revisions in these statistics (15.4.2021)

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Updated 15.04.2021