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Published: 15 December 2021

Growth in turnover in trade continued in October

According to Statistics Finland, turnover in total trade adjusted for working days increased in October by 9.1 per cent from October 2020. The working day adjusted volume of sales in total trade, from which the impact of price changes has been eliminated, went down by 1.0 per cent from one year back. Seasonally adjusted turnover grew slightly compared to September, but seasonally adjusted sales volume remained lower than in the previous month.

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

Growth in turnover strongest in wholesale trade

Turnover in the trade industry with the biggest turnover, wholesale trade, grew in October by 12.5 per cent but sales volume decreased by 4.0 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 retail trade, working day adjusted turnover increased in October by 4.3 per cent and sales volume by 1.6 per cent from last year’s October. Turnover in daily consumer goods trade increased by 1.7 per cent from the previous year, but sales volume decreased by 1.4 per cent in the corresponding period. Turnover in department store trade grew by 2.9 per cent and sales volume by 1.9 per cent from the year before. In specialised store trade, turnover increased by 4.9 per cent and sales volume by 2.2 per cent from October 2020.

In October, turnover in motor vehicle trade increased by 7.8 per cent and sales volume by 4.7 per cent from one year back.

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

Seasonally adjusted turnover grew compared to September

Seasonally adjusted turnover in total trade grew by 0.1 per cent in October compared to September. Seasonally adjusted sales volume went down by 1.4 per cent over the same period. In September, turnover grew by 0.6 per cent while sales volume went down by 0.2 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) (15.12.2021)

Revisions in these statistics

• Revisions in these statistics (15.12.2021)

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Updated 15.12.2021