Home > Statistics > Turnover of trade > 2016 > August > Retail trade flash estimate: sales grew by 2.9 per cent year-on-year in August

Published: 26 September 2016

Retail trade flash estimate: sales grew by 2.9 per cent year-on-year in August

According to Statistics Finland’s retail trade flash estimate, the sales of retail trade increased by 2.9 per cent in August from August 2015. Over the same period, the volume of retail trade sales, from which the impact of prices has been eliminated, grew by 3.6 per cent. In daily consumer goods trade, sales decreased by 1.4 per cent and the sales volume by 1.3 per cent in August from the corresponding period of the previous year.

Development of value and volume of retail trade sales, August 2016, % (TOL 2008)

The reported annual changes in trade sales and sales volumes are not seasonally or trading day adjusted, which means that the effects of public holidays are not considered. The opening hours of retail shops were deregulated starting from 1 January 2016, after which some retail shops have extended their opening hours.

According to the Structural business and financial statement statistics, daily consumer goods accounted for 48.9 per cent of turnover in retail trade in 2014.

The retail trade flash estimate is based on a sample covering, on the average, 60 per cent of retail trade turnover. Data on trade sales by industry will next be released on 13 October 2016.

Flash estimates on retail trade are published at a lag of just under one month from the end of the statistical reference month. The preliminary data on motor vehicle, wholesale and retail trade based on a larger sample will be published at a lag of roughly six weeks from the end of the statistical reference month and the revised data based on total data are published at a lag of roughly ten weeks.

Source: Turnover of trade, Statistics Finland

Inquiries: Milka Suomalainen 029 551 2912, Seija Karttunen 029 551 2741, palvelut.suhdanne@stat.fi

Director in charge: Mari Ylä-Jarkko

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Appendix tables

• Appendix table 1. Development of value and volume of retail trade sales, August 2016, (TOL 2008) (26.9.2016)

Revisions in these statistics

• Revisions in these statistics (26.9.2016)

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Updated 26.09.2016