The household furniture and equipment retail sector in Finland is expected to see a 0.5% decrease in sales in August. Despite this decline, the month-on-month momentum is anticipated to be positive at 0.9%. By December, sales in this category are expected to increase by an additional 2.1%. The three-month forecast volatility for this sector stands at 0.5, which is a significant decrease of 4.11 from the previous year. These projections are derived from Eurostat's household furniture and equipment retail index data.
The forecast for the household furniture and equipment retail sector indicates a 62% probability of increased demand by December 2025. The distribution curve highlights the most likely demand scenarios at its peak, with less probable outcomes represented in the tails. Businesses should prepare for potential growth by optimizing inventory and supply chain strategies, while also considering contingency plans for less likely demand fluctuations.
During the past year in Finland, the normalized elasticity score saw a year-over-year change of -74%, indicating a significant increase in market sensitivity. At the same time, the year-over-year volatility of this score decreased by 70%, suggesting a slight reduction in fluctuations. These figures were obtained using a multilevel model with macroeconomic controls, where the price-effect p-value was less than 0.01, confirming statistical significance. The current high sensitivity of the market relative to peers implies that businesses should carefully consider pricing strategies and promotional planning to effectively respond to consumer demand changes.
Method: Price Elasticity Insights