Home > Statistics > Turnover of trade > 2021 > September > Turnover in trade grew by 7.9 per cent in September

Published: 15 November 2021

Turnover in trade grew by 7.9 per cent in September

According to Statistics Finland, turnover in total trade adjusted for working days increased in September by 7.9 per cent from September 2020. Over the same period, the working day adjusted volume of sales in total trade, from which the impact of price changes has been eliminated, increased by 0.3 per cent. Turnover increased in all industries of trade.

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

Department store trade showed good growth in September

In retail trade, working day adjusted turnover increased in September in total by 4.5 per cent and sales volume by 2.7 per cent from last year’s September. Among retail trade industries, department store trade grew most, as turnover went up by as much as 8.4 per cent and sales volume by 7.7 per cent. Turnover in daily consumer goods trade rose by 2.2 per cent while sales volume fell by 0.3 per cent. Turnover in specialised store trade grew by 5.2 per cent and sales volume by 3.0 per cent from the year before.

Turnover in the trade industry with the biggest turnover, wholesale trade, grew in September by 10.3 per cent but sales volume decreased by 1.8 per cent year-on-year. The more favourable development in turnover than in sales volume in wholesale trade is explained by higher prices especially of processed petroleum products.

In September, turnover in motor vehicle trade increased by 5.7 per cent and sales volume by 2.8 per cent from one year back.

Annual change in working day adjusted turnover and sales volume in industries of trade, September 2021, % (TOL 2008)

Seasonally adjusted turnover grew compared to August

Seasonally adjusted turnover in total trade grew by 0.4 per cent in September compared to August. Seasonally adjusted sales volume went down by 0.3 per cent over the same period. In August, turnover grew by 0.1 per cent while sales volume went down by 0.5 per cent compared to 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: Lauri Pullinen 029 551 3043, Mauri Niiniaho 029 551 3409, kauppa.suhdanne@stat.fi

Head of Department in charge: Katri Kaaja

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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) (15.11.2021)

Revisions in these statistics

• Revisions in these statistics (15.11.2021)

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Updated 15.11.2021