Home > Statistics > Turnover of trade > 2018 > November > Retail trade sales grew by 3.6 per cent year-on-year in November

Published: 15 January 2019

Retail trade sales grew by 3.6 per cent year-on-year in November

According to Statistics Finland, sales in total trade grew in November by 2.9 per cent from November 2017. Sales in wholesale trade went up by 3.9 per cent and sales in retail trade, in turn, by 3.6 per cent. Among retail trade industries, sales in daily consumer goods trade grew by 4.2 per cent and in department store trade by 2.7 per cent from one year ago. By contrast, sales in motor vehicle trade decreased by 2.8 per cent compared with November 2017.

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

Sales volume in retail trade increased by 2.3 per cent year-on-year in November

The sales volume in retail trade was 2.3 per cent greater in November than twelve months earlier. By contrast, the sales volume in wholesale trade decreased by 0.7 per cent and in motor vehicle trade, in turn, by 2.3 per cent from one year ago. The sales volume in total trade remained in November on level with November the previous year.

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

Sales in total trade grew by 4.2 per cent in January to November

In January to November, sales grew by 3.0 per cent in retail trade and by 5.0 per cent in wholesale trade compared with the corresponding period of 2017. Sales in motor vehicle trade increased by 3.8 per cent over the same period. Sales in total trade increased by 4.2 per cent compared with January to November 2017.

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.

Industries of enterprises have been revised in the data released in January

Starting from this statistical release the latest industries defined by the Business Register have been taken into use in the turnover and wage and salary indices. The industry corrections are visible as revised data in some of the published industries for the years 2017-2018. The effects of the changes are taken into consideration in statistics production so that no breaks occur in the time series of the published index series. The interpretation of the statistics also remains unchanged in the renewal. Revisions to annual changes in industries are presented under Revisions in these statistics.

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. Year-on-year change in turnover in trade industries, % (TOL 2008) (15.1.2019)

Figures

• Appendix figure 1. Turnover of motor vehicles, wholesale and retail trade, trend series (TOL 2008) (15.1.2019)

Revisions in these statistics

• Revisions in these statistics (15.1.2019)

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Updated 15.01.2019