Turnover in trade grew by 3.7 per cent in February 2023
According to Statistics Finland, the working day adjusted turnover in total trade grew by 3.7 per cent in February 2023 compared with February 2022. The volume of working day adjusted total trade sales, from which the impact of price changes has been eliminated, decreased by 3.8 per cent over the same period. The turnover increased in all largest industries.
Key selections
- The seasonally adjusted turnover in total trade fell in February compared to January.
- The increase in prices reduced the volume of sales in February compared to a year ago.
The turnover increased in all largest industries of trade
The working day adjusted turnover in automobile trade grew by 4.4 per cent in February compared to a year ago. The volume of sales fell by 0.8 per cent from the year before.
The working day adjusted turnover in wholesale, the largest industry of trade measured by turnover, grew by 2.4 per cent in February, while the volume of sales decreased by 5.2 per cent from the previous year. The more favourable development of turnover than sales in wholesale can be explained by the increase in the prices of food products, in particular.
The working day adjusted turnover of retail trade grew by 5.8 per cent in February, while the volume of sales fell by 2.8 per cent. The turnover of daily consumer goods trade increased by 6.9 per cent and the volume of sales decreased by 5.1 per cent from the corresponding period in the previous year. The turnover of department store trade grew by 5.7 per cent, while the volume of sales fell by 4.4 per cent year-on-year. In addition, the turnover of specialised store trade increased by 2.5 per cent and the volume of sales decreased by 2.8 per cent.
Seasonally adjusted turnover decreased compared to January
The seasonally adjusted turnover in total trade fell by 0.7 per cent in February compared to January. The seasonally adjusted volume of sales decreased by 1.7 per cent. In January, the seasonally adjusted turnover increased by 1.7 per cent and the volume of sales by 1.9 per cent from the previous month.
Tables
Annual change in working day adjusted turnover and sales volume in total trade (G), %
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
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