Monday 10/25/21
BUSINESS

Retail sales and turnover grew in July

The exceptional situation caused by the Covid-19 pandemic had an impact on business development.
A City Market grocery store. Photo: Foreigner.fi.
A grocery store. Photo: Foreigner.fi.

The working day adjusted turnover of retail trade increased by 5.4% in July from the same month in 2019.

According to Statistics Finland's flash estimate, the volume of retail trade sales, from which the impact of price changes has been eliminated, increased by 4.1% over the same period.

In daily consumer goods trade, the working day adjusted turnover increased by 5.5% in July and the sales volume, in turn, by 2.9% from the corresponding period of the previous year.

"The exceptional situation caused by coronavirus had an effect on the development of both industries," Statistics Finland said.

Sales-volume-retail-trade-July-2020Source: Statistics Finland.

Working day adjusted

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 50.9% of turnover in retail trade in 2018.

The retail trade flash estimate is based on a sample covering, on the average, 60% of retail trade turnover.

Data on trade sales by industry will next be released by the Finnish statistical office on 14 Sep 2020.

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