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Published: 15 March 2022

Turnover in trade grew by 7.8 per cent in January

According to Statistics Finland, turnover in total trade adjusted for working days increased by 7.8 per cent in January from one year ago. The working day adjusted volume of sales in total trade, from which the impact of price changes has been eliminated, still went down by 3.9 per cent. The industry of wholesale trade especially boosted changes in turnover and sales volume.

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

Turnover in motor vehicle turned to a decline

Among industries of trade, turnover fell only in motor vehicle trade, where working day adjusted turnover fell in January by 0.6 per cent and sales volume by 4.8 per cent from a year earlier.

Turnover in the trade industry with the biggest turnover, wholesale trade, grew in January by 12.8 per cent, but sales volume decreased by 6.1 per cent year-on-year. The more favourable development in turnover than in sales volume in wholesale trade is explained by higher prices especially of natural gas and processed petroleum products.

In retail trade, working day adjusted turnover grew in January by 4.3 per cent and sales volume by 0.3 per cent. Turnover in daily consumer goods trade increased by 5.5 per cent from the previous year and sales volume by 1.2 per cent in the corresponding period. Turnover in department store trade increased by 0.3 per cent, but sales volume fell by 2.2 per cent from one year back. Turnover in specialised store trade grew by 1.5 per cent while sales volume fell by 2.3 per cent from January 2021.

Annual change in working day adjusted turnover and sales volume in industries of trade, January 2022, % (TOL 2008)

Seasonally adjusted turnover fell compared to December

Seasonally adjusted turnover in total trade fell by 0.1 per cent in January compared to December. Seasonally adjusted sales volume also went down by 1.6 per cent. In December, seasonally adjusted turnover fell by 0.5 per cent and sales volume by 0.6 per cent compared to 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: Lauri Pullinen 029 551 3043, Valtteri Pinkkilä 029 551 3471, 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) (15.3.2022)

Revisions in these statistics

• Revisions in these statistics (15.3.2022)

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Updated 15.3.2022