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INDUSTRIES

&

MARKETSEconomicimpactofCOVID-19inFinlandCHAPTER

01CoronavirusoverviewCumulativenumberofcoronavirus(COVID-19)casesinFinlandsinceJanuary2020(asofDecember8,2022)CumulativenumberofcoronaviruscasesinFinlandsinceJanuary20201,600,0001,400,0001,200,0001,000,000800,000600,000400,000200,00004Description:ByDecember8,2022,thenumberofconfirmedcoronavirus(COVID-19)casesinFinlandhadreachedatotalof1,417,909.ReadmoreNote(s):Finland;AsofDecember8,2022*;*Numbersmaychangeinthecourseofaday.NodataavailableduringthesummerbreakfromJuly14toAugust03,2022,becauseofthesummerbreakoftheNationalInstituteforHealthandWelfare(THL).

ReadmoreSource(s):NationalInstituteforHealthandWelfare;YleisradioNumberofcoronavirus(COVID-19)casesinFinlandsinceJanuary2020,bydateofreport(asofDecember8,2022)Numberofcoronavirus(COVID-19)casesinFinlandsinceJanuary202060,00050,00040,00030,00020,00010,00005Description:Thefirstcaseofthecoronavirus(COVID-19)inFinlandwasconfirmedonJanuary31,2020.ThenumberofcasesinFinlandhassincereachedatotalof1,417,909.Therewereover50thousandnewcasesconfirmedonApril21,2022,whichwasthehighestnumberofcasesrecordedinasingleday.ReadmoreNote(s):Finland;AsofDecember8,2022*;*Numbersmaychangeinthecourseofaday.**DuetoTHL'stechnicalproblemthefiguresforJanuary25,2022includedatafromJanuary22toJanuary25,2022.***DuetoaTHLtechnicalproblem,[...]

ReadmoreSource(s):NationalInstituteforHealthandWelfare;YleisradioNumberofcoronavirus(COVID-19)casesinFinlandasofDecember8,2022,byagegroupCoronavirus(COVID-19)casesinFinlandDecember2022,byagegroup300,000277,875247,542248,311250,000200,000150,000100,00050,0000204,263151,41497,75089,66152,25948,8340-9years10-19years20-29years30-39years40-49years50-59years60-69years70-79years80yearsandolder6Description:AsofDecember8,2022,thenumberofconfirmedcasesinFinlandhasrisentoatotalof1,417,909.Themajorityofthecaseswerefoundamong10to59year-olds,withthemostcasesreportedintheagegroupof30to39year-oldsbyNovember10,2022.Thefirstcoronavirus(COVID-19)caseinFinlandwasconfirmedonJanuary29,2020.ReadmoreNote(s):Finland;AsofDecember8,2022*;*Numbersmaychangeinthecourseofaday.Thestatisticsonlyshowlab-confirmedinfections.ReadmoreSource(s):NationalInstituteforHealthandWelfareNumberofcoronavirus(COVID-19)casesinFinlandasofDecember8,2022,byregionalhealthcaredistrictCoronavirus(COVID-19)casesinFinlandDecember2022,byregionNumberofcoronaviruscases0200,000400,000600,000800,0001,000,0001,200,0001,400,0001,600,000TotalHUS(HelsinkiandUusimaa)Pirkanmaa1,417,909545,988114,460108,38387,08950,142Varsinais-SuomiNorthOstrobothniaP?ij?t-H?meVaasaKymenlaaksoCentralFinlandSatakunta49,86049,24449,00148,17247,91636,11335,314NorthSavoSouthKareliaSouthOstrobothnia7Description:AsofDecember8,2022,thenumberofconfirmedCOVID-19casesinFinlandreachedatotalof1,417,909.ThemajorityofthecaseswerediscoveredintheregionofHelsinkiandUusimaa,wherethehealthcaredistricthasconfirmedintotal545,988cases.Thefirstcaseofthecoronavirus(COVID-19)inFinlandwasconfirmedonJanuary29,2020.ReadmoreNote(s):Finland;AsofDecember8,2022*;*Numbersmaychangeinthecourseofaday.Thesourceaddsthefollowinginformation:"Thefiguresarebasedonlaboratory-confirmedfigures.Therecanbedelaysandregionalvariationsin[...]

ReadmoreSource(s):NationalInstituteforHealthandWelfareCumulativenumberofcoronavirus(COVID-19)deathsinFinlandsinceMarch2020(asofDecember8,2022)CumulativenumberofcoronavirusdeathsinFinlandsinceMarch20208,0007,0006,0005,0004,0003,0002,0001,00008Description:Thefirstdeathcausedbythecoronavirus(COVID-19)inFinlandwasreportedonMarch20,2020.AsofDecember8,2022,thenumberofdeathshassinceincreasedtoatotalof7,572.ThenumberofconfirmedCOVID-19casesinthecountryreached1,417,909onDecember8,2022.ReadmoreNote(s):AsofDecember8,2022*;*Numbersmaychangeinthecourseofaday.**ThenumberoffatalitiesreportedonApril21,2020includedeathsoccurredincarehomesintheregionofHelsinkiandUusimaa.***Thenumberoffatalities[...]

ReadmoreSource(s):NationalInstituteforHealthandWelfare;YleisradioCHAPTER

02ForecastsGrowthforecastforgrossdomesticproduct(GDP)inFinlandfrom2020to2025Post-coronavirusGDPgrowthforecastinFinland2020-20254.0%3.2%3.0%1.8%2.0%1.0%0.0%-1.0%1.6%1.2%0%-2.0%-2.4%2020-3.0%202120222023*2024*2025*10Description:Accordingtoaforecast,Finland'stotaloutputisexpectedtoincreaseby0percentin2023.TheFinnisheconomyalreadyweakenedintheendof2019,andtheeconomiccrisiscausedbythecoronavirus(COVID-19)pandemicresultedinafallof2.4percentin2020.However,thepreliminaryfiguresindicatethatthecontractionintheFinnisheconomywaslessseverethaninmostotherEuropeancountries.TheGDPgrowthisprojectedat1.2percentin2024andat1.8percentin2025afterthe[...]

ReadmoreNote(s):Finland;Autumn2023;*forecastThesourceaddsthefollowinginformation:"TheforecastisbasedontheassumptionthatthesanctionsandtheimpactofRussia`swarofaggressiononeconomicrelationswillremainatthecurrentlevel.[...]

ReadmoreSource(s):MinistryofFinanceFinland;StatisticsFinlandForecastforgrossdomesticproduct(GDP)inFinlandfrom2020to2025(inbillioneuros)Post-coronavirusGDPforecastinFinland2020-20253503032913002822692512382502001501005002020202120222023*2024*2025*11Description:TheGDPof2023isestimatedat282billioneuros,whiletheGDPin2022was269billioneuros.AnewCOVID-19waveduringthespring2021sloweddowntheeconomicgrowth,butaftertheeconomicrecovery,theGDPgrowthwasataroundthreepercentin2021.TheFinnisheconomywasexpectedtoreturnnormalin2023.ReadmoreNote(s):Finland;Autumn2023;*forecastThesourceaddsthefollowinginformation:"TheforecastisbasedontheassumptionthatthesanctionsandtheimpactofRussia`swarofaggressiononeconomicrelationswillremainatthecurrentlevel.[...]

ReadmoreSource(s):MinistryofFinanceFinland;StatisticsFinlandForecastforimportvolumechangeinFinlandfrom2020to2025ForecastofimportvolumechangeinFinland2020-202510%8.3%8%6%6%4%4.3%3.6%2%0%-2%-4%-6%-8%-3.8%-6.2%2020202120222023*2024*2025*12Description:Accordingtoaforecast,thevolumeofimportsinFinlanddecreased6.2percentin2020followingtheeconomiccrisiscausedbythecoronavirus(COVID-19)pandemic.Theimportvolumechangeisprojectedtodecreaseto3.8percentin2023,iftheeconomyrecoversrapidlyandnegativeimpactsremainrelativelyshort-lived.ReadmoreNote(s):Finland;Autumn2023;*forecastThesourceaddsthefollowinginformation:"TheforecastisbasedontheassumptionthatthesanctionsandtheimpactofRussia`swarofaggressiononeconomicrelationswillremainatthecurrentlevel.[...]

ReadmoreSource(s):MinistryofFinanceFinland;StatisticsFinlandForecastforexportvolumechangeinFinlandfrom2020to2025ForecastofexportvolumechangeinFinland2020-20258%5.8%6%4%4.1%3.8%3.5%2%0%-0.8%-2%-4%-6%-8%-10%-7.8%2020202120222023*2024*2025*13Description:Accordingtoaforecast,thevolumeofFinnishexportsdeclinedsharplyduetotheeconomiccrisiscausedbythecoronavirus(COVID-19)pandemicin2020.Theexportvolumefellby7.8percentduringtheyear2020.In2021and2022,volumeforexportsisforecastedtoincreaseagain,however,thepre-crisislevelwillnotbereachedbytheendoftheforecastperiod.ReadmoreNote(s):Finland;Autumn2023;*forecastThesourceaddsthefollowinginformation:"TheforecastisbasedontheassumptionthatthesanctionsandtheimpactofRussia`swarofaggressiononeconomicrelationswillremainatthecurrentlevel.[...]

ReadmoreSource(s):MinistryofFinanceFinland;StatisticsFinlandUnemploymentrateforecastinFinlandfrom2020to2025Post-coronavirusunemploymentrateforecastinFinland2020-20259%7.7%7.7%8%7%6%5%4%3%2%1%0%7.2%7.1%7%6.8%2020202120222023*2024*2025*14Description:AccordingtoaforecastbytheMinistryofFinance,theunemploymentrateinFinlandwas6.8percentin2022followingthecoronavirus(COVID-19)pandemic.Theunemploymentrateisestimatedtodeclineslowlyinthecomingyears,eveniftheFinnisheconomyrecoversfairlyrapidlyandreturnstonormalin2022.ReadmoreNote(s):Finland;Autumn2023;*forecastThesourceaddsthefollowinginformation:"TheforecastisbasedontheassumptionthatthesanctionsandtheimpactofRussia`swarofaggressiononeconomicrelationswillremainatthecurrentlevel.[...]

ReadmoreSource(s):MinistryofFinanceFinland;StatisticsFinlandCHAPTER

03EnterprisesImpactsofCOVID-19onthefinancialsituationofemployercompaniesinFinlandinMarch2020,bysectorImpactsofthecoronavirusoutbreakonemployercompaniesinFinland2020,bysectorShareofrespondentsIdonotbelievethattheimpactswillbenegative

Somewhatnegativeimpacts

Rathersignificantnegativeimpacts

Considerablenegativeimpacts0%

10%

20%

30%

40%

50%

60%

70%

80%

90%100%ManufacturingConstructionRetailServiceindustryAll16Description:AccordingtoasurveyfromMarch12to16,2020,roughly90percentoftheFinnishcompaniesconsideredtheimpactofthecoronavirusoutbreakatleastsomewhatnegativeintheirbusiness.Around44percentoftheserviceindustrycompaniesexpectedconsiderableorrathersignificantnegativeimpactsintheiroperationsandfinancialposition.Atthesametime,almost25percentoftheconstructioncompaniesdidnotbelievethattheimpactsofthecoronaviruswouldaffecttheir[...]ReadmoreNote(s):Finland;March12-16,2020;781respondents;BusinessexecutivesandentrepreneursSource(s):Elinkeinoel?m?nKeskusliittoYear-on-yearchangeofservicesectorrevenueduringthecoronaviruspandemicinFinlandfromMarch2020toJuly2022,bysectorYear-on-yearchangeofserviceindustryrevenueinFinland2020-2022,bysectorMarch2020April2020May2020June2020February2021July2020March2021August2020April2021September2020

October2020November2020

December2020

January2021May2021June2021July2021March2022August2021April2022September2021

October2021May2022

June2022November2021

December2021

January2022July2022*February2022120%100%80%60%40%20%0%-20%-40%-60%-80%RealestateactivitiesInformationandcommunicationProfessional,scientificandtechnicalactivitiesOtherservice

Administrativeand

Accommodation

TransportationandArts,activitiessupportserviceactivitiesandfoodserviceactivitiesstorageentertainmentandrecreation17Description:ServiceindustriesinFinlandhavebeenseverelyimpactedbytheoutbreakofthecoronavirus(COVID-19).InJanuary2022,theworkingdayadjustedrevenueinserviceindustriesincreasedinallsectorscomparedtothepreviousyear.Accommodationandfoodserviceswerehittheworst,sufferingnearly70percentrevenuelossesinAprilandMay2020comparedtothecorrespondingperiodof2019.Additionally,arts,entertainmentandrecreationactivitiesdeclinedsignificantly,over40percent[...]

ReadmoreNote(s):Finland;March2020

toApril2022;Workingdayadjustedrevenueincomparisontopreviousyear;*preliminarydataReadmoreSource(s):StatisticsFinlandHasthecoronavirusoutbreakcausedproblemsforyourbusiness?COVID-19impactonsmallandmedium-sizedenterprisesinFinland2020YesNoIdonotknow120%100%80%60%40%20%0%3%2%5%3%21%20%22%33%76%76%73%65%March18-24,2020April1-3,2020April21-23,2020July30toAugust10,202018Description:Accordingtosurveyresultsfrom2020,overtwothirdsofthesmallandmedium-sizedenterprisesinFinlandestimatedthatthecoronavirusoutbreakhascausedproblemsfortheirbusiness.Roughly33percentoftherespondentshadnotyetexperiencedbusinessproblemsduetothecurrentCOVID-19situationasofAugust2020.ReadmoreNote(s):Finland;March18-24,April1-3;April21-23;July30toAugust10,2020;1,034respondents*;Smallandmedium-sizedenterprisesSource(s):SuomenYritt?j?tHowmuchhaveyourcompany'ssalesdecreasedduetothecoronavirusoutbreak?COVID-19impactonsalesofsmallandmedium-sizedcompaniesinFinland2020ShareofrespondentsNodeclineinsalesorcustomersDeclineover50percentDeclinelessthan10percentNosalesatall20%Declineof10-30percentIdonotknowDeclineof30-50percent100%0%40%60%80%120%March18-24,2020April1-3,2020April21-23,2020May19-25,2020July30toAugust10,202019Description:AccordingtosurveyresultsfromMarchtoMay2020,almost70percentofthesmallandmedium-sizedenterprisesinFinlandexperienceddeclineinsalesduetothecoronavirusoutbreak.ByAugust2020,thesalesofcompaniesimproved,although13percentofcompaniesstillreportedover50percentdeclineinsales.Atthesametime,roughly42percentofthecompaniesdidnotexperiencedeclineinsalesorinthenumberofcustomers.

ReadmoreNote(s):Finland;March18-24;April1-3;April21-23;May19-25;July30toAugust10,2020;1,034respondents*;Smallandmedium-sizedenterprisesSource(s):SuomenYritt?j?tHowhelpfuldoyouthinkthegovernment'ssupportingmeasureswilllbeforyourbusiness?Impactofthegovernment'sCOVID-19supportingmeasuresoncompaniesinFinland202050%45%40%35%30%25%20%15%10%5%43%28%18%9%2%0%NothelpfulatallSomewhathelpfulDifficulttosayVeryhelpfulExtremelyhelpful20Description:IntheendofMarch2020,over40percentoftheFinnishcompaniesconsideredthegovernment'sCOVID-19supportingmeasuresassomewhathelpful.Whilealmost20percentofthecompaniesestimatedthatthesupportingmeasureswillnotbehelpfulatall,roughlytenpercentsaidthatthemeasureswillbeveryhelpfulforthem.Nearlyonethirdoftherespondentsfounditdifficulttomeasuretheimpactofthedecisionsyet.ReadmoreNote(s):Finland;March30-31,2020;1873respondents;BusinessexecutivesandentrepreneursSource(s):Elinkeinoel?m?nKeskusliittoHowdoyouthinktheCOVID-19outbreakwillaffectyourcompany'sfutureprospectsinthreemonths?FutureprospectsofFinnishemployercompaniesduetothecoronavirus2020March30-31April14-15May11-12June5-9August13-1890%80%70%60%50%40%30%20%10%0%81%

81%78%73%69%18%16%11%

11%11%10%9%9%8%7%2%2%1%1%1%BusinessoperationswillcontinueBusinessoperationswillendBusinessisatriskofgoingbankruptIdonotknow21Description:AsofAugust2020,81percentoftheFinnishcompaniesestimatedthattheirbusinesswillcontinuetooperateafterthefollowingthreemonthsdespitethecoronavirus(COVID-19)situation.ComparedtothesurveyresultsfromMarchandApril2020,businessesweremoreconfidentabouttheirfutureprospects.However,aroundeightpercentofthecompaniesstillestimatedthatthereisariskofgoingbankrupt.Onlytwopercentoftherespondentssaidthattheirbusinessoperationswillnot[...]

ReadmoreNote(s):Finland;March30-31;April14-15;May11-12;June5-9;August13-18,2020;1,873;1,361;1,639,1,014and1,413companies;BusinessexecutivesandentrepreneursSource(s):Elinkeinoel?m?nKeskusliittoShareofFinnishcompaniesathigherriskofinsolvencyduetotheCOVID-19outbreakfromMarchtoJune2020EstimatesofcompanyinsolvencyriskduetothecoronavirusinFinland2020March16-17,2020May18,2020June23,202070%90%80%70%60%50%40%30%20%10%0%76.9%73.5%30%26.5%Yes23.1%No22Description:AccordingtosurveysfromMarchandMay2020,roughly30percentoftheFinnishcompaniesestimatedthattheirbusinessfacesasignificantlyhigherriskofinsolvencybecauseofthecoronavirus(COVID-19)outbreak.Theshareofcompaniesdealingwithapossibleinsolvencyriskfirstwas30percentinMarch,decreasingto23percentbyJune.Atthesametime,nearly77percentoftherespondentsdidnotreportanincreasedprobabilityofinsolvencyasofJune2020.

ReadmoreNote(s):Finland;March16-17;May18;June23,2020;3,814;3,392and2,403respondents;MembercompaniesoftheFinnishChamberofCommerceSource(s):KeskuskauppakamariNumberofbankruptciesinFinlandfromJanuary2019toMay2023MonthlynumberofbankruptciesinFinland2019-20232019202020212022202335030025020015010050JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovember

December23Description:FromJanuarytoDecember2022,thenumberofbankruptciesinFinlandincreasedoverallcomparedtothecorrespondingperiodofthepreviousyear.Basedonthe2022data,theimpactofthecoronavirus(COVID-19)pandemiconbankruptciesisnoticeable.Thehighestnumbersofbankruptciesin2023wasrecordedduringthemonthofFebruary.ReadmoreNote(s):Finland;January2019

toMay2023Source(s):StatisticsFinlandCHAPTER

04TourismNumberofpassengersoninternationalflightsatairportsinFinlandfromNovember2021toNovember2022(in1,000s)NumberofinternationalpassengersatairportsinFinland2021-2022EUNon-EUEuropeOthercountriesInternationaltotal1,4001,2001,0008006004002000November2021January2022February

March2022

April2022

May2022

June20222022July2022

August2022

September

October2022

2022November202225Description:SinceMarch2022thepassengernumbersoninternationalflightsareslowlyincreasing.Duetochangingtravellimitationsandprecautionarymattersthenumberofpassengersarestilllowcomparedtothetimebeforethecoronavirus(COVID-19)outbreak.ReadmoreNote(s):Finland;November2021toNovember2022Source(s):FinaviaNumberofdomesticpassengersatairportsinFinlandfromJune2020toJune2022(in1,000s)MonthlynumberofdomesticpassengersatairportsinFinland2022400350300250200150357357271272266.4265255244189.7174.4135.8114.4101.698.397.2949186.7

87.988.310050

32.177.175.767.3530Jun20

Jul20

Aug

Sep

Nov

Oct

Dec

Jan21

Feb

Mar

Apr

Mai

Jun21

Jul21

Aug

Sep

Oct

Nov

Dec

Jan22

Feb

Mar

Apr

May

Jun2220

20

20

20

20

21

21

21

21

21

21

21

21

21

22

22

22

2226Description:ThenumberofdomesticpassengersdeclineddramaticallyatallairportsinFinlandstartingfromMarch2020duetothecoronavirus(COVID-19)outbreak.InMarch2020,thepassengernumbersalreadyreducedbyhalf,andthesignificantdropinpassengernumberscontinuedinthefollowingmonths.InJune2022,thenumberofdomesticpassengersatairportsreachednearly255thousand.ReadmoreNote(s):Finland;June2020

toJune2022;FinaviaairportsSource(s):FinaviaNumberofovernightstaysofdomesticandinternationaltouristsduringtheCOVID-19outbreakinFinlandin2022,comparedto2019,2020and2021(in1,000s)COVID-19impactonovernightstaysofforeignanddomestictouristsinFinland2022NumberofnightsspendinthousandsDomestictouristsInternationaltourists1,00002004006008001,2001,4001,6001,8001,297March2019March2020March2021March2022*April2019April2020April2021April2022*May201956773072726581647531,3873771,22235617017191,3762171,110465280May2020May2021May2022*777721,22431827Description:Despitethecoronavirus(COVID-19)outbreak,theovernightstaysofdomestictouristsinFinlanddeclinedonlybytwopercentinJuly2020andsevenpercentinAugust2020comparedto2019.InDecember2020,therewerenearly700thousandovernightstaysrecordedfordomestictourists,adecreaseof29percentfromthepreviousyear.Bycomparison,theovernightstaysofinternationaltouristsdroppedby92percentfromDecember2019,amountingto64thousandovernightstays.

ReadmoreNote(s):Finland;March2019

toSeptember2022;Preliminaryfiguresfor2022Source(s):StatisticsFinlandDecreaseinovernightstaysofinternationaltouristsduringtheCOVID-19outbreakinFinlandin2020,bycountryoforigin(comparedto2019)DecreaseinovernightstaysofinternationaltouristsduetoCOVID-19inFinland2020Decreaseinovernightstays0%10%20%30%40%50%60%70%80%90%ForeigncountriesintotalSweden68%82%80%ChinaJapanSpainUnitedStatesItalyUnitedKingdomRussia77%76%74%71%70%69%SwitzerlandGermanyNorway65%63%61%France54%NetherlandsEstonia50%37%28Description:Asaresultofthecoronavirus(COVID-19)outbreak,theovernightstaysofinternationaltouristsinFinlanddroppedby68percentduringtheyear2020.TheovernightstaysofSwedesdecreasedmost,byalmost82percentcomparedtothecorrespondingperiodinthepreviousyear.Furthermore,theovernightstaysoftouristsfromChinadeclinedby80percentcomparedto2019,followedJapanwithadecreaseof77percent.

ReadmoreNote(s):Finland;JanuarytoDecember2020Source(s):StatisticsFinlandHasyourcompanyreceivedbookingcancellationsduetotheCOVID-19pandemic?CompaniesaffectedbytravelbookingcancellationsduetoCOVID-19inFinland2020February23toMarch3,2020March21-27,2020100%90%80%70%60%50%40%30%20%10%0%96%57%37%6%2%2%YesNoIdonotknow29Description:AccordingtosurveyresultsfromFebruaryandMarch2020,Finnishcompaniesinthetravel,tourismandhospitalityindustrywerelargelyaffectedbythecoronavirus(COVID-19)pandemic.IntheendofMarch2020,roughly96percentoftherespondentssaidthattheircompanyhadreceivedbookingcancellationsbecauseoftheCOVID-19outbreak.Aboutamonthearlier,thecorrespondingfigureofthecompanieswas57percent.Onlytwopercentofthecompaniesstatedthatthey[...]

ReadmoreNote(s):Finland;February23toMarch9,2020;March21-27,2020;141and498respondents*Source(s):VisitFinlandHowhasthecoronavirus(COVID-19)pandemicimpactedyoursummertravelplans?ImpactofCOVID-19onsummertravelplansinFinland2020Shareofrespondents10%

20%0%30%40%50%Iwillnottravelatall52%IwillreducetravelingIwilltraveldomesticallyinsteadoftravelingabroadOtherimpact36%17%6%Idonotknow2%30Description:InApril2020,halfoftheFinnishpeoplesaidthattheywereplanningnottotravelatallduringthesummertimebecauseofthecoronavirus(COVID-19)pandemic.Additionally,overathirdoftherespondentsestimatedthattheywillreducetravelinginthesummer2020.Domestictravelingbecamemorepopularamong17percentoftherespondents,whowereplanningchangetheirtraveldestinationsandtravelinFinlandinsteadofinternationaltravel.

ReadmoreNote(s):Finland;2020;1005respondents;18yearsandolderSource(s):YouGovCHAPTER

05RetailYear-on-yearchangeofretailtraderevenueduetothecoronaviruspandemicinFinlandfromJanuarytoMarch2020,bysectorChangeofretailtraderevenueduetoCOVID-19inFinland2020,bysectorYear-on-yearrevenuechangeMarch-30%January-February-20%-60%Retailtrade-50%-40%-10%0%10%20%-0.8%5.1%4.8%GrocerystoresDepartmentstoresSpecialstores5.8%-13.5%6%-5.5%4.2%6.5%4.7%3.6%HardwareHometechnologyClothingandfootwearHomeinterior6.6%-51.2%1.9%-11%7.5%-21%Sportswear0.6%32Description:InMarch2020,theoverallrevenuefromretailtradeinFinlanddeclinedasaresultofthecoronavirus(COVID-19)pandemic.InJanuaryandFebruary,theretailtraderevenueincreasedinallsectorscomparedtothepreviousyear,butinthefollowingmonthonlygrocerystores,hardware,andhometechnologysalescontinuedtogrow.Clothingandfootwear,sportswear,anddepartmentstoresaleswerehitthehardestbytheCOVID-19outbreakinMarch.

ReadmoreNote(s):Finland;JanuarytoMarch2020;ComparedtopreviousyearSource(s):StatisticsFinlandImpactofthecoronavirus(COVID-19)onretailtraderevenueinFinlandinApril2020Changeinretailcompanies'revenueduetoCOVID-19inFinlandApril2020Shareofcompanies10%0%5%15%20%25%30%Minimum30percentincreaseIncreaseof10-29percentIncreaseof1-9percentNochange3%12%9%8%Decreaseof1-9percentDecreaseof10-29percentDecreaseof30-49percentDecreaseof50-69percentMinimum70percentdecrease9%9%12%11%26%33Description:AccordingtoasurveyfromApril2020,over25percentoftheretailsectorcompaniesinFinlandestimatedthattheirrevenuehaddecreasedatleastby70percentduetothecoronavirus(COVID-19)outbreak.Intotal,roughly67percentofthecompaniesexperiencedsomedecreaseintheirrevenue.Atthesametime,everyfourthretailsectorcompanyreportedarevenueincreaseasaresultoftheCOVID-19pandemic.

ReadmoreNote(s):Finland;April2-6,2020;MembercompaniesoftheFinnishCommerceFederationSource(s):FinnishCommerceFederationImpactofthecoronavirus(COVID-19)onretailtraderevenueinFinlandinApril2020,bysectorChangeinretailcompanies'revenueduetoCOVID-19inFinlandApril2020,bysectorShareofcompaniesTechnicalwholesale

Specialtyanddepartmentstores10%

15%

20%

25%

30%Wholesale(excl.technicalwholesale)0%

5%Grocerystoresandsupermarkets35%

40%

45%50%Minimum30percentincreaseIncreaseof10-29percentIncreaseof1-9percentNochangeDecreaseof1-9percentDecreaseof10-29percentDecreaseof30-49percentDecreaseof50-69percentMinimum70percentdecrease34Description:AccordingtoasurveyfromApril2020,aroundhalfofthecompaniesoperatinggrocerystoresandsupermarketsinFinlandreportedthattheirsalesrevenueincreasedduetothecoronavirus(COVID-19)pandemic.However,atthesametimealmost40percentofthecompaniesinthissectorestimatedthattheirsalesrevenuedecreased.ReadmoreNote(s):Finland;April2-6,2020;M

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