Home > Statistics > Turnover of trade > 2010 > February > Sales of retail trade grew by 2.0 per cent in February

Published: 15 April 2010

Sales of retail trade grew by 2.0 per cent in February

According to Statistics Finland, retail trade sales rose by 2.0 per cent in February from February 2009. Sales volume grew by 1.3 per cent during the same time period. In wholesale trade sales diminished by 0.2 per cent and in motor vehicle sales by 3.9 per cent. In total trade sales remained in February on level with the previous year.

Sales in retail trade grew in January to February by 1.0 per cent compared with the corresponding period of the previous year. Sales fell by 0.8 per cent in wholesale trade and by 5.1 per cent in motor vehicle trade. In total trade sales were down in January to February by 0.8 per cent on the respective period of the year before.

Annual change in turnover in trade industries by quarter, February 2010 and early part of 2010, % (TOL 2008)

	Annual change by quarter %				Year-on-year change in latest month % 1)	Cumulative annual change2)
	01-03/09	04-06/09	07-09/09	10-12/09	02/10	01-02/10
Total trade (G)	-14.6	-18.8	-17.8	-8.6	0.0	-0.8
Motor vehicle trade (45)	-28.2	-35.4	-32.6	-19.1	-3.9	-5.1
Wholesale trade (46)	-16.2	-21.8	-21.6	-11.1	-0.2	-0.8
Retail trade (47)	-2.3	-3.1	-2.3	0.9	2.0	1.0
- daily consumer goods trade3)	1.9	2.7	1.6	2.2	2.8	1.3
1) Annual change compares February 2010 with the corresponding month of the year before. 2) The cumulative annual change compares January-February 2010 with the corresponding period of the year before. 3) According to the Register of Enterprises and Establishments, the share of daily consumer goods (4711, 472) of turnover in retail trade was 34 per cent in 2008.

Revised accounting practice in motor vehicle trade

Turnover in new car sales has been recorded according to a revised accounting practice since data concerning April 2009. Motor car tax is no longer included in turnover as in the past. From April 2009 onwards until February 2010 an estimation of the share of the motor car tax in the previous year's corresponding period has been removed from the annual change figures.

Tax reform causes revisions to data on indices of turnover

Starting from data on January 2010, the indices of turnover will be compiled from the seasonal tax return data conforming to the Tax Administration's tax reform. According to our examinations the impact on these statistics from the implemented tax reform will remain quite small. However, slightly less data than before will be available for early 2010, which may mean that the time series of the indices of turnover in the early part of the year may become slightly revised in future releases. Further information about the impacts of the changes in the data on the indices of turnover can be found under Revisions in these statistics. Information about the tax reform is also available on the Tax Administration's website at: www.vero.fi.

Source: Turnover of trade 2010, February. Statistics Finland

Inquiries: Marko Tuomiaro +358 9 1734 2705 and Eeva Immonen +358 9 1734 3464, palvelut.suhdanne@stat.fi

Director in charge: Hannele Orjala

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Last updated 15.4.2010