Home > Statistics > Turnover of trade > 2017 > August > Sales in total trade grew by 6.7 per cent year-on-year in August

Published: 11 October 2017

Sales in total trade grew by 6.7 per cent year-on-year in August

According to Statistics Finland, sales in total trade increased by 6.7 per cent in August from August 2016. Sales in wholesale trade grew most among the sectors of trade, altogether by 9.8 per cent. Motor vehicle sales, in turn, grew by 4.4 per cent in August and retail trade went up by 2.8 per cent. Among retail trade industries, daily consumer goods sales grew by 4.1 per cent, whereas sales in department stores contracted by 0.7 per cent from August 2016.

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

Sales volume in total trade grew by 4.0 per cent year-on-year in August

The sales volume in retail trade was 2.9 per cent higher in August than in August 2016. Over the same period, the sales volume in wholesale trade grew by 5.0 per cent and in motor vehicle trade by 4.6 per cent from one year ago. The sales volume of total trade increased by 4.0 per cent in August from August 2016.

The volume index of sales is calculated by removing the effect of price changes from the value index series.

Sales in retail trade increased by 2.0 per cent in January to August

In the January to August period, sales went up by 2.0 per cent in retail trade and by 6.7 per cent in wholesale trade compared with the corresponding period of 2016. Sales in motor vehicle trade increased by 5.0 per cent over the same period. Total trade sales increased by 4.9 per cent from January to August 2016.

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.

Changes in the Tax Administration's self-assessed tax data have not so far had an effect on the data of turnover indices

The effects of the changes in the Tax Administration's self-assessed tax data have been analysed in Statistics Finland’s turnover indices. Based on the analyses, the changes have thus far not been found to have significant effects on enterprises’ VAT reporting in terms of statistics production. More information about this in Changes in the periodic tax return data used in turnover indices .

Source: Turnover of trade, Statistics Finland

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

Director in charge: Sami Saarikivi

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Appendix tables

• Appendix table 1. Year-on-year change in turnover in trade industries, % (TOL 2008) (11.10.2017)

Figures

• Appendix figure 1. Turnover of motor vehicles, wholesale and retail trade, trend series (TOL 2008) (11.10.2017)

Revisions in these statistics

• Revisions in these statistics (11.10.2017)

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Updated 11.10.2017