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Home BUSINESSSales in total trade drops by 6.5% in October
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Wed, 16 Dec, 2015 12:02:41 AM
FTimes Report, Dec 16
 
Annual change in turnover in trade industries, % (TOL 2008). Source: Turnover of trade, Statistics Finland.
Sales continued declining in all sectors of trade in October apart from motor vehicle trade, according to Statistics Finland.
 
Among the sectors of trade, sales in wholesale trade declined most, by 10.3 per cent year-on-year.
 
Sales of retail trade fell, in turn, by 2.6 per cent in October, the data show.
 
The decline in retail trade sales was quite evenly divided between daily consumer goods trade and department store trade.
 
In daily consumer goods trade, sales contracted by 2.4 per cent and in department store trade by 2.8 per cent in October from one year ago. However, sales in motor vehicle trade grew by 0.7 per cent from October 2014.
 
The steep decline in wholesale trade pushed the volume of total sales to a drop of 6.5 per cent compared to last year.
 
In October, sales volume developed more favourably than turnover in all sectors of trade apart from motor vehicle trade In wholesale trade, the sales volume declined by 7.1 per cent from October 2014.
 
In turn, the sales in retail trade volume fell by 1.1 per cent from one year ago.
 
In motor vehicle trade, the sales volume grew slightly more moderately than turnover in October, by 0.4 per cent year-on-year.
 
The volume of total sales declined by 4.1 per cent from October 2014 as per the data.
 
The volume index of sales is calculated by removing the effect of price changes from the value index series.
 
Among the sectors of trade, sales in wholesale trade declined most in January to October In wholesale trade, sales decreased by 5.5 per cent from January to October 2014.
 
In retail trade, the decline in the corresponding period was 1.3 per cent year-on-year, the statistics show.
 
Motor vehicle trade was the only sector of trade where sales increased in January to October, by 0.5 per cent from one year ago.
 
Total trade sales fell in January to October by 3.4 per cent year-on-year.
 
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