Finland’s retail sales up by estimated 1.0% in October

Daily consumer goods trade sales increased by an estimated 2.7% from October 2012.

Sales in Finland’s retail trade grew by 1.0% in October 2013 compared to October 2012, according to Statistics Finland’s retail trade flash estimate. Over the same time period, the volume of sales increased by 0.6%.

In the daily consumer goods trade, sales went up by 2.7% and the volume of sales by 0.7%. Statistics Finland’s retail trade flash estimate is based on a sample covering about 50% of retail trade turnover.

Consumer confidence

According to Statistics Finland’s Consumer Survey, the consumer confidence indicator stood at 6.4 in November, having been 3.8 in October and 6.3 in September. However, confidence in the economy was still weaker in November than the long-term average of 12.2. The data are based on a survey of 1,389 people resident in Finland who were interviewed between 1-19 November.

According to the November survey, 36% of consumers thought the time was favourable for buying durable goods. About 16% of households were fairly or very certain to buy a car and 7% said they would buy a dwelling during the next 12 months. Some 19% of households were planning to make renovations to their dwelling.

Source: Statistics Finland