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Home BUSINESSRetail sales grow by 2.3 %
Mon, 26 Aug, 2013 12:00:04 AM
FTimes Report, August 26

The sales of retail trade have grown by 2.3 per cent in July compared to the corresponding period of the last year, said the Statistics Finland’s retail trade flash estimate.
Over the same period, the volume of sales, from which the impact of prices has been eliminated, went up by 0.7 per cent. In daily consumer goods trade, sales grew by 3.2 per cent in July but the volume of sales decreased by 0.4 per cent.
According to the Business Register, the share of daily consumer goods of the total turnover in retail trade was 47 per cent in 2011. There were 27 trading days in July 2013, which is one day more than in July 2012.
The retail trade flash estimate is based on a sample covering, on average, 50 per cent of retail trade turnover. Data on trade sales by industry will next be released on September 12.
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 motor vehicle, wholesale and retail trade based on a larger sample will be 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 gap of roughly ten weeks.

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