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Turnover of trade

Producer: Statistics Finland
Homepage: http:// www.stat.fi/til/klv/index_en.html
Main topic: Trade
Related topics: Enterprises
Official Statistics of Finland (OSF): Yes
European Statistical System (ESS): Yes

Description

The index of turnover of trade describes development in the turnover of enterprises engaged in trade. Turnover for the largest enterprises in their respective industries is described with the data collected with the sales inquiry while the data on sales obtained from the Tax Administration's self-assessed tax are exploited to describe the turnover of other enterprises. Turnover is exclusive of value-added tax. In addition, the volume index of sales, from which the impact of prices has been eliminated, is produced on trade.

The calculation is based on estimation of change. Sums by industry are calculated with data on the enterprises for which comparable data on turnover are available for both the examined month and the corresponding month of the previous year. The obtained sums are used to calculate annual changes by industry. Because preliminary data can only be calculated from the data Statistics Finland has obtained by inquiring enterprises direct, their calculation is based purely on the estimation of change, whereas the impact of enterprise openings and closures on the produced indices is also taken into account in the calculation of revised data. The annual changes thus obtained are used to raise the turnover index of the corresponding month of the previous year. The latest index figures may become slightly revised as new data accumulate and enterprises report changes to their data. Due to supplementations, the data will become updated in releases for over twelve months. Time series models have been used to aid in the calculation of the most recent month’s indices for some industries. This reduces the revision caused by the slow accumulation of data. The statistics and indices compiled from the data are public under the condition that no individual enterprise’s data can be identified from them.

Indicators of turnover are also published for sub-industries in construction, other services and manufacturing. Data on the turnover and export turnover of other industries, enterprise groups and areas can also be produced to order as special compilations.

Data content

The retail trade flash estimate is published monthly at a delay of just under one month for retail trade and daily consumer goods trade. Other trade industries are published monthly at a delay of around 45 days from the end of the examined month on Statistics Finland's website.

Indices on trade turnover are published for the following activities:

TRADE, TOTAL G

WHOLESALE AND RETAIL TRADE AND REPAIR OF MOTOR VEHICLES AND MOTORCYCLES 45

  • Maintenance and repair of motor vehicles (45112, 45192, 45321,45322, 45402)
  • Wholesale trade of motor vehicles (45201, 45202, 45403)
  • Retail trade of motor vehicles (45111, 45191, 45311, 45312, 45401)

WHOLESALE TRADE 46

RETAIL TRADE 47 - Retail sale of perishable goods (4711, 472)

  • Retail sale of food in non-specialised stores (4711)
  • Other retail sale in non-specialised stores (4719)
  • Retail sale of automotive fuel (473)
  • Retail sale in specialised stores total (474-477)
  • Retail sale of home technology in specialised stores (474, 4754, 47782)
  • Retail sale of hardware (4752, 47532, 47596)
  • Retail sale of books, newspapers and stationery (47610, 47621,47622)
  • Retail sale of sports equipment (47641)
  • Retail sale of boats and boating accessories (47642)
  • Retail sale of clothing and footwear (4771, 4772)
  • Dispensing chemist and retail sale of toilet articles, etc. (4773-4775)
  • Retail sale of flowers, plants, seeds and fertilisers (47761, 47762, 47763)
  • Retail sale of furniture, furnishings and household articles in specialised stores (4751, 47531, 47591-47594, 47599)
  • Other retail trade (47595, 47630, 47650, 47764, 47781, 47784-5, 47789, 4779, 478, 4791, 47990)
  • Retail sale of jewellery and watches (4777)
  • Retail sale of optical goods (47783)
  • Retail sale in specialised stores (4721-4724, 4726, 4729)

Classifications used

Standard Industrial Classification 2008.

Data collection methods and data sources

The turnover indices are based on the Tax Administration’s self-assessed tax data and on Statistics Finland’s sales inquiry. The Tax Administration’s data cover all enterprises that are liable for value added tax and pay wages and salaries. The material comprises data collected in connection with the value added tax payment and reporting procedure. The sales inquiry mainly asks about turnover at the enterprise level, but to improve purity by industry, enterprises operating in multiple industries are divided into industry-specific units. Basic information on enterprises, such as their industry, that is available from Statistics Finland’s Register of Enterprises and Establishments is also utilised in calculating the indices.

Data collections

Updating frequency

Monthly.

Time of completion or release

The retail trade flash estimate around 28 and other trade industries around 45 days from the end of the statistical reference period.

Time series

Starting from 1995, some of the series starting from 2010. The base year of the time series is 2015 (2015=100

Keywords

business cycles, economic fluctuation, enterprises, indices, industries, motor vehicle trade, motor vehicles, motorcar, retail trade, trade, turnover, vehicles, wholesale and retail trade, wholesale trade

Contact information

http://tilastokeskus.fi/til/klv/yht_en.html

Last updated 01.04.2020