Home > Statistics > Turnover of trade > 2020 > June > Turnover and sales volume in trade fell in June from one year back but grew from the month before

Published: 13 August 2020

Turnover and sales volume in trade fell in June from one year back but grew from the month before

According to Statistics Finland, turnover in total trade adjusted for working days fell in June by 2.7 per cent from June 2019. Over the same period, the working day adjusted volume of sales, from which the impact of prices has been eliminated, decreased by one per cent. The development in both turnover and sales volume was boosted in June by the positive development in all retail trade industries. Turnover and sales volume in wholesale trade and motor vehicle trade were still falling in June. The exceptional situation caused by coronavirus had an effect on the development of trade industries.

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

In June 2020, turnover in wholesale trade adjusted for working days fell by 7.1 per cent from June of the previous year, while at the same time, sales volume declined by 3.6 per cent. Adjusted for working days, turnover in motor vehicle trade also fell by 7.1 per cent and sales volume declined by slightly more than in June 2019, by 8.0 per cent. In retail trade, working day adjusted turnover grew in June by 6.6 per cent and sales volume by 7.1 per cent. In addition to growth in daily consumer goods trade, the positive development of retail trade was accelerated by the picking up of department store and specialised store trade. In daily consumer goods trade, working day adjusted turnover grew in June by 8.4 per cent and sales volume by 6.5 per cent. Growth in working day adjusted turnover in department store trade strengthened in June, being as much as 13.1 per cent and sales volume 11.8 per cent. Specialised store trade made an upturn in June as working day adjusted turnover grew by 1.8 per cent year-on-year. Sales volume in specialised store trade increased at same time by 4.0 per cent from June 2019.

Annual change in working day adjusted turnover and sales volume in industries of trade, June 2020, % (TOL 2008)

Turnover and sales volume grew further month-on-month

Seasonally adjusted turnover in total trade grew by 3.7 per cent in June compared to May. Sales volume grew by one per cent over the same period. In May, turnover rose by 2.5 per cent and sales volume by 1.2 per cent from the month before.

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

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: Reetta-Maria Salokannel 029 551 3657, 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) (13.8.2020)

Revisions in these statistics

• Revisions in these statistics (13.8.2020)

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Updated 13.08.2020