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Published: 14 October 2021

Turnover in trade grew by 7.3 per cent in August

According to Statistics Finland, turnover in total trade adjusted for working days grew by 7.3 per cent in August from August 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 0.8 per cent. Turnover increased in all industries of trade.

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

Retail trade industries are growing steadily in August

In retail trade, working day adjusted turnover rose in August in total by 4.9 per cent and sales volume by 3.4 per cent. The growth in turnover was fairly even in different retail trade industries. Among retail trade industries, department store trade grew most, as turnover went up by 5.8 per cent and sales volume by 5.5 per cent. Turnover in daily consumer goods trade rose by 3.3 per cent and sales volume by 1.1 per cent from August 2020. Turnover in specialised store trade grew by 5.2 per and sales volume by 3.7 per cent year-on-year.

Turnover in the trade industry with the biggest turnover, wholesale trade, grew in August by 9.4 per cent and sales volume fell by 1.3 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 August, working day adjusted turnover in motor vehicle trade increased by 5.8 per cent and sales volume by 3.2 per cent from one year back.

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

Seasonally adjusted turnover and sales volume declined from the previous month

Seasonally adjusted turnover in total trade fell by 0.3 per cent in August from July. Seasonally adjusted sales volume went down by 0.8 per cent over the same period. In July, turnover fell by 0.2 per cent and sales volume by 0.8 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.

New tables for the turnover of trade

Statistics Finland starts publishing data on revisions to the turnover and sales volume data of trade industries in the StatFin database service. The published data allow better monitoring of the relevance of industry-specific change percentages. More about this under Changes in these statistics .

Source: Turnover of trade, Statistics Finland

Inquiries: Lauri Pullinen 029 551 3043, Mauri Niiniaho 029 551 3409, kauppa.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) (14.10.2021)

Revisions in these statistics

• Revisions in these statistics (14.10.2021)

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Updated 14.10.2021