Home > Statistics > Turnover of trade > 2015 > January > Total trade sales fell by 8.8 per cent year-on-year in January

Published: 12 March 2015

Total trade sales fell by 8.8 per cent year-on-year in January

According to Statistics Finland, total trade sales went down by 8.8 per cent in January from January 2014. The fall was particularly caused by the development in wholesale trade and motor vehicle trade. Wholesale trade sales declined by 12.0 per cent and motor vehicle sales by 11.3 per cent in January from one year previously. In turn, retail trade sales fell by 2.2 per cent from one year ago. In daily consumer goods trade, sales contracted by 1.4 per cent and in department store trade by 1.3 per cent from one year ago.

Annual change in turnover in trade industries, % (TOL 2008)

In retail trade, the sales volume decreased by 1.3 per cent and in wholesale trade by 8.7 per cent from January 2014. In turn, the sales volume in motor vehicle trade contracted by 11.4 per cent from the previous year. The fall was affected by decreased sales of new motor vehicles, as Statistics Finland’s data indicate that the number of first registrations of motor vehicles was also 23.1 per cent lower in January than in January 2014. The volume of total sales was 6.6 per cent lower in January than in the year before. The volume index of sales is calculated by removing the effect of price changes from the value index series.

New seasonal adjustment software adopted

Starting from the January 2015 data, a new seasonal adjustment software J-Demetra+ will be adopted in the indices of turnover. The software change does not affect the used seasonal adjustment method. The change does not influence the interpretation or use of the time series either. More about the implementation of the software Changes in these statistics .

Source: Turnover of trade, Statistics Finland

Inquiries: Milka Suomalainen 029 551 2912, Jarkko Niemistö 029 551 2951, palvelut.suhdanne@stat.fi

Director in charge: Hannele Orjala

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Appendix tables

• Appendix table 1. Year-on-year change in turnover in trade industries, % (TOL 2008) (12.3.2015)

Figures

• Appendix figure 1. Turnover of motor vehicles, wholesale and retail trade, trend series (TOL 2008) (12.3.2015)

Revisions in these statistics

• Revisions in these statistics (12.3.2015)

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Updated 12.03.2015