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Finnish Grocery Retail Sales Up 3.8% In April

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Finnish Grocery Retail Sales Up 3.8% In April

Finnish grocery retail sales were valued at €1.42 billion in April, which marks a 3.8% increase on the same month last year, according to Päivittäistavarakauppa - the Finnish Grocery Trade Association.

Grocery sales saw the greatest increase in hypermarkets, with a 6.4% growth, while large and small supermarkets experienced increases of 4.8% and 4% respectively.

Sales were boosted by the late timing of Easter this year, making up for the fact that the price of food and non-alcoholic beverages decreased by 1.7% compared to the previous year.

Overall, grocery sales have risen year-on-year in 2017, with figures increasing by 1.1% in the period from January to April.

Consumer Confidence

Finnish consumer confidence rose this month, reaching the highest level since the late 1990s, according to Bloomberg.

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“A strong growth period is underway,” said Juhana Brotherus, chief economist at financial institution Hypo. “The positive news coverage on the Finnish economy has lasted for a while and that has strengthened confidence in the economy.”

After years of stagnation, Finland's economy is beginning to recover, with exports and consumer spending driving growth.

© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up to ESM: The European Supermarket Magazine.

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