Retail sales grow by 2.7% in October

The retail trade sales increased by 2.7 per cent in October from October 2017, according to Statistics Finland.

Over the same period, the volume of retail trade sales, from which the impact of prices has been eliminated, grew by 0.8 per cent.

In daily consumer goods trade, sales increased by 3.3 per cent in October but the volume of sales went down by 0.3 per cent from the corresponding period of the previous year.

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.

According to the Structural business and financial statement statistics, daily consumer goods accounted for 49.8 per cent of turnover in retail trade in 2016.

The retail trade flash estimate is based on a sample covering, on the average, 60 per cent of retail trade turnover. Data on trade sales by industry will next be released on 12 December 2018.