Home > Statistics > Turnover of trade > 2021 > January > Turnover in trade grew by 1.9 per cent in January

Published: 15 March 2021

Turnover in trade grew by 1.9 per cent in January

According to Statistics Finland, turnover in total trade adjusted for working days grew by 1.9 per cent in January from January 2020. Over the same time period, the working day adjusted volume of sales in total trade, from which the impact of prices has been eliminated, increased by 2.4 per cent. In December 2020, turnover fell by 1.9 per cent and sales volume by 0.5 per cent from the previous year’s December.

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

Adjusted for working days, turnover grew in January in nearly all industries of trade from the previous year's January. Turnover fell only in wholesale trade from twelve months back. The working day adjusted volume of sales grew in all industries of trade. Turnover in motor vehicle trade rose by 5.8 per cent and sales volume by 4.5 per cent. Turnover in retail trade rose by 5.3 per cent and sales volume by 5.1 per cent. The biggest growth among retail trade industries was seen in department store trade and daily consumer goods trade. Turnover in department store trade rose by 7.3 per cent and in daily consumer goods trade by 7.7 per cent. The sales volume in department store trade went up by 6.4 per cent and in daily consumer goods trade by 6.1 per cent. In specialised store trade, turnover increased by 1.3 per cent and sales volume by 2.1 per cent. Turnover in the trade industry with the biggest turnover, wholesale trade, fell by 1.2 per cent and sales volume increased by 0.2 per cent year-on-year.

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

Turnover and sales volume grew from the previous month

Seasonally adjusted turnover in total trade grew by 2.4 per cent in January compared to December. Sales volume grew by 1.7 per cent during the same period. In December, turnover and sales volume, in turn, decreased by around two per cent compared to 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: 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) (15.3.2021)

Revisions in these statistics

• Revisions in these statistics (15.3.2021)

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Updated 15.03.2021