21.05.2012

Retail trade sales in Finland increased by 9% cent in March

Finnish retail trade has enjoyed strong growth in the first quarter of the year.

In the motor vehicle trade, sales went up by an exceptional 46.3% in March. The strong growth of motor vehicle trade sales was due to the amended motor vehicle tax legislation that entered into force on 1 April. The amount of tax is now based on the volume of carbon dioxide emissions that correspond with the combined consumption of the vehicle. The change can also be seen in Statistics Finland's statistics on first registrations of motor vehicles according to which the number of first registrations was up by 60.1% year-on-year in March.

In the period January – March 2012, sales were up by 8.4% in the retail trade and by 8.0% in the wholesale trade from the corresponding period one year ago. Motor vehicle trade sales were up by 25.2%. In total, trade sales were up by 10.8% in the first quarter of 2012 compared to the same period one year ago.

Source: Statistics Finland