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Home BUSINESSRetail sales fall by 1.5%
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Sun, 27 Apr, 2014 12:17:10 AM
FTimes Report, April 27
 
Development of value and volume of retail trade sales, March 2014, % (TOL 2008). Source: Statistics Finland.
Retail sales in the country decreased by 1.5 per cent in March over the past one year, says 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 down by 1.9 per cent. 
 
The fall in retail sales was especially caused by daily consumer goods trade where sales contracted by 3.8 per cent in March, the data says. Correspondingly, the volume of daily sales of consumer goods declined by 4.7 per cent.
 
The decrease in sales was partly due to Easter being in April this year, while last year it was at the turn of March and April. 
 
The fact that Easter occurs in different months is particularly visible in the sales development of food in March and April. 
 
There were 26 weekday trading days in March 2014, which is one day more than in March 2013.
 
According to the Business Register, the share of daily consumer goods in retail trade turnover was 47.6 per cent in 2012.
 
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 be released next, on 14 May 2014.
 
 
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