30.03.2011

Finland’s retail trade sales grew by 5% in February 2011

Sales growth in daily consumer goods, groceries and the wholesale trade.

Retail trade sales in Finland increased by 5.0% in February 2011 compared to February 2010, according to Statistics Finland’s retail trade flash estimate. Over the same time period, the volume of sales grew by 2.3 per cent. The retail trade flash estimate is based on a sample covering, on average, 50% of retail trade turnover.

The retail sales of daily consumer goods by the member companies of the Finnish Grocery Trade Association reached a total of EUR 1.09 billion in February 2011, an increase of 5.9% from the same period one year ago. Hypermarkets enjoyed the biggest growth in sales of daily consumer goods with an 8.5% increase. Sales also increased by 7.7% in the large supermarkets, 4.3% in the small supermarkets and 1.6% in the self-service stores. Sales in the small shops fell by 1.7%. In the period January – February the retail sales of daily consumer goods amounted to EUR 2.205 billion, an increase of 5.4% from the same period one year ago.

According to the Finnish Grocery Trade Association, the turnover of the grocery trade was EUR 474.3 million in February 2011, an increase of 4.3% from the same period one year ago. The member companies of the association make up about 95% of the Finnish retail market. In the department store retail trade, turnover increased across all the product groups. Grocery sales recorded the fastest growth at 6.8%. For the period January – February 2011, the turnover of the department store retail trade was EUR 985.2 million, an increase of 2.8% on the corresponding period one year earlier.

The turnover of the HoReCa wholesale trade, comprising of members of the Finnish Grocery Trade Association, was EUR 127.4 million in February 2011, showing growth of 7.3% compared to February 2010. In the period January – February 2011 the wholesale turnover grew by 8.4% to a total of EUR 250.1 million.


Sources: Statistics Finland, Finnish Grocery Trade Association