Finnish December sales up 1.5%

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Prices fall in Finland, but the Christmas sales had a better development than expected.

The retail trade turnover grew by 1.5 percent and volumes by 3.0 percent, according to the fresh flash estimate from Statistics Finland.

According to Statistics Finland’s retail trade flash estimate, the sales of retail trade increased by 1.5 percent in December from December 2014.

Over the same period, the volume of retail trade sales, from which the impact of prices has been eliminated, grew by 3.0 percent.

In daily consumer goods trade, sales also grew by 0.1 percent and the sales volume by 1.3 percent in December from the corresponding period of the previous year. Turnover developed weaker than sales volume both in retail trade and in daily consumer goods trade due to fallen prices.

This indicates that durables might have experienced a good Christmas – even though motor vehicles are included in the total retail sales from Statistics Finland.

There were 25 weekday trading days in December 2015, which is one day more than in December 2014.