Finnish retail sales down 2.6 percent in October

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Finnish retail trade declined by 2.6 percent in turnover and 1.1 percent in volume in October. A steep decline in wholesale trade pushed the total numbers down further.

Turnover sales in total trade dropped by 6.5 percent year-on-year in October

According to Statistics Finland, sales continued declining in all sectors of trade in October apart from motor vehicle trade.
Among the sectors of trade, sales in wholesale trade declined most, by 10.3 percent year-on-year.

Sales of retail trade fell, in turn, by 2.6 percent in October. 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 percent and in department store trade by 2.8 percent in October from one year ago.

Sales in motor vehicle trade grew by 0.7 percent from October 2014. The steep decline in wholesale trade pushed the volume of total sales to a drop of 6.5 percent compared to last year.

The 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 percent from October 2014.

In turn, in retail trade the sales volume fell by 1.1 percent from one year ago. In motor vehicle trade, the sales volume grew slightly more moderately than turnover in October, by 0.4 percent year-on-year. The volume of total sales declined by 4.1 percent from October 2014.

The volume index of sales is calculated by removing the effect of price changes from the value index series. The more positive development of sales volume compared to turnover in wholesale, retail and total trade was caused by fallen prices.

Among the sectors of trade, sales in wholesale trade declined most in January to October
In wholesale trade, sales decreased by 5.5 percent from January to October 2014. In retail trade, the decline in the corresponding period was 1.3 percent year-on-year. Motor vehicle trade was the only sector of trade where sales increased in January to October, by 0.5 percent from one year ago. Total trade sales fell in January to October by 3.4 percent year-on-year.

There were 27 weekday trading days in October 2015, which is the same as in October 2014.