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Published: 12 August 2021

Turnover and sales volume increased in all industries of trade in June

According to Statistics Finland, turnover in total trade adjusted for working days grew in June by 10.8 per cent from June 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 5.4 per cent. Turnover grew strongly especially in the industries of motor vehicle trade and wholesale trade. The positive development in total trade that started in January of the current year also continued in June. The development of trade industries was partly due to the exceptional situation caused by the corona pandemic one year earlier.

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

Strong turnover growth continued in motor vehicle and wholesale trade in June

Adjusted for working days, turnover and sales volume increased in all industries of trade in June. Among the industries of trade, motor vehicle trade grew most. Motor vehicle trade has developed briskly throughout the early part of the year. Turnover in motor vehicle trade rose in June by as much as 17.6 per cent and sales volume by 15.6 per cent from one year back.

The positive development in the biggest industry in trade, wholesale trade, which started in February, also continued in June. Turnover grew by 12.2 per cent and sales volume by 3.5 per cent year-on-year. The more favourable development in turnover than in sales volume in wholesale trade is explained by risen prices especially of processed petroleum products.

In retail trade, working day adjusted turnover grew in June in total by 5.8 per cent and sales volume by 4.3 per cent. Among retail trade industries, specialised store trade grew clearly fastest, as turnover went up by 6.2 per cent and sales volume by 5.8 per cent. Turnover in daily consumer goods trade rose by 4.3 per cent and sales volume by 2.3 per cent from June 2020. Turnover in department store trade grew by 4.0 per and sales volume by 3.9 per cent year-on-year.

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

Both turnover and sales volume grew compared to May

Seasonally adjusted turnover in total trade grew by 2.1 per cent in June compared to May. Seasonally adjusted sales volume grew by 1.2 per cent during the same period. In May, turnover and sales volume both remained almost on level with the previous month.

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: Lauri Pullinen 029 551 3043, Mauri Niiniaho 029 551 3409, palvelut.suhdanne@stat.fi

Head of Department in charge: Katri Kaaja

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• Appendix table 1. Annual change of working day adjusted turnover and sales volume in industries of trade, % (TOL 2008) (12.8.2021)

Revisions in these statistics

• Revisions in these statistics (12.8.2021)

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Updated 12.08.2021