Turnover in trade grew by 8.3 per cent in February
release | Turnover of trade 2022, FebruaryAccording to Statistics Finland, turnover in total trade adjusted for working days increased by 8.3 % in February 2022 from one year ago. The working day adjusted volume of sales in total trade, from which the impact of price changes has been eliminated, went down by 2.9 %. Seasonally adjusted turnover and sales volume increased also compared to January.
Key selections
- Turnover in total trade continued to grow in February as well.
- Rise in prices lowers the volume of sales especially in wholesale 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.
Tables
Annual change of working day adjusted turnover and sales volume in industries of trade, % (TOL 2008)
Data revisions
Revision of annual changes in working day adjusted turnover in industries of trade
Revision of long-term annual changes in working day adjusted turnover in industries of trade
Database tables
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