Retail trade turnover grows by 2.3 %

The working day adjusted turnover of retail trade increased by 2.3 percent in November from November 2018, according to Statistics Finland’s retail trade flash estimate.

The volume of retail trade sales, from which the impact of price changes has been eliminated, grew by 1.0 percent over the same period.

In daily consumer goods trade, the working day adjusted turnover increased by 3.0 percent in November and the sales volume, in turn, by 1.4 percent from the corresponding period of the previous year.

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. According to the Structural business and financial statement statistics, daily consumer goods accounted for 50.1 percent of turnover in retail trade in 2017.

The retail trade flash estimate is based on a sample covering, on the average, 60 percent of retail trade turnover. Data on trade sales by industry will next be released on 15 January 2020.

Flash estimates on retail trade are published at a lag of just under one month from the end of the statistical reference month. The preliminary data on other trade industries are published at a lag of roughly six weeks from the end of the statistical reference month and the revised data based on total data are published at a lag of roughly ten weeks.