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International Internet Magazine. Baltic States news & analytics Saturday, 27.04.2024, 03:27

SEB Estonia: companies seeing sales decline, but hiring more people

BC, Tallinn, 31.08.2015.Print version
Initial data on second-quarter financial results in 2015 indicate that sales revenue generated by enterprises is falling, yet it has not prevented them from increasing their number of employees in Estonia, commented SEB, writes Äripäev.ee/LETA.

SEB Economic Analyst Mihkel Nestor noted that in the year-on-year comparison, enterprises' sales revenue fell by three per cent in the second quarter. This is largely due to falling prices on the market, including consumer prices, producer prices and exports prices.

 

Nestor stated that good news for the Estonian economy has been the increase in processing industry sales revenue in the second quarter, particularly in the context of weak external demand.

 

Although enterprises' sales revenue fell in the second quarter, the employment rate in the business sector has grown by two per cent in the year-on-year comparison. In the second quarter of 2014, the average sales revenue per employed person amounted to 31,000 euros, but this year it was 29,400 euros.





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