Turnover and retail sales in Finland increased significantly in April

The latest turnover and sales figures bring good news for the Finnish retail sector.

Finland's retail trade turnover adjusted for working days increased by 8.6% in April year-on-year, 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 8% over the same period.

In daily consumer goods trade, the working day adjusted turnover increased by 3.1% and the sales volume, in turn, by 0.5% from the corresponding period of the previous year.

The development of both industries was partly due to the exceptional situation caused by the coronavirus one year earlier.

Weekday variations

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 52.7% of turnover in retail trade in 2019.

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 on 15 June 2021.