Home > Statistics > Turnover of trade > 2019 > June > Turnover of trade grew by 2.9 per cent in June

Published: 14 August 2019

Turnover of trade grew by 2.9 per cent in June

According to Statistics Finland, the working day adjusted turnover of total trade grew by 2.9 per cent in June compared to June 2018. The working day adjusted sales volume, from which the impact of price changes has been eliminated, increased by 3.1 per cent over the same period. The development of both turnover and sales volume was positive in all industries of trade.

Annual change in working day adjusted turnover and sales volume in total trade (G), %

In motor vehicle trade, the working day adjusted turnover increased by 2.8 per cent in June and the sales volume also by 2.9 per cent from one year ago. The working day adjusted turnover of wholesale trade grew, in turn, by 1.8 per cent and the sales volume by 2.2 per cent. In June, turnover and sales volume grew most in retail trade, both by 4.7 per cent. Retail trade was boosted by daily consumer goods, department store and specialised store trade. Among the industries, growth was fastest in department store trade, where working day adjusted turnover was 7.5 per cent higher and sales volume 6.7 per cent higher than one year earlier.

Annual change in working day adjusted turnover and sales volume in industries of trade, June 2019, % (TOL 2008)

Turnover grew by close on 1 per cent from the previous month

The seasonally adjusted turnover of total trade grew by 0.9 per cent in June compared to May. The sales volume increased by 1.3 per cent over the same period. In May, both turnover and sales volume, in turn, decreased by around half a per cent compared to the previous month.

Change in seasonally adjusted turnover and sales volume in total trade (G) from the previous month, %

In January to June, the working day adjusted turnover of total trade increased by 1.5 per cent and the sales volume by 0.4 per cent from the corresponding period of 2018.

Trend of turnover and sales volume in total trade

The calculation of indices of turnover of trade is based on the Tax Administration’s data on self-assessed taxes, which are supplemented with Statistics Finland’s sales inquiry. The volume index of sales is calculated by removing the effect of price changes from the value index series.

The factors caused by the variation in the number of weekdays are taken into account in adjustment for working days. This means taking into consideration the lengths of months, different weekdays and holidays. In addition, seasonal variation is eliminated from seasonally adjusted series, on account of which it makes sense to compare observations of two successive months as well.

The data for the latest month are preliminary and they may become significantly revised particularly on more detailed industry levels in coming months.

Source: Turnover of trade, Statistics Finland

Inquiries: Suvi Kiema 029 551 3509, Seija Karttunen 029 551 2741, palvelut.suhdanne@stat.fi

Director in charge: Mari Ylä-Jarkko

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Appendix tables

• Appendix table 1. Annual change of working day adjusted turnover and sales volume in industries of trade, % (TOL 2008) (14.8.2019)

Revisions in these statistics

• Revisions in these statistics (14.8.2019)

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Updated 14.08.2019