Analytics, Estonia, Markets and Companies, Retail
International Internet Magazine. Baltic States news & analytics
Thursday, 25.04.2024, 12:49
Turnover growth of retail trade in Estonia made 1% in August
In August 2017, the turnover of retail trade
enterprises was 588.3 million euros.
The turnover of stores selling manufactured goods increased
8% compared to August 2016.
Turnover increased in most economic activities, except
in non-specialized stores selling predominantly manufactured goods (e.g.
department stores), where turnover was smaller than in August of the previous
year. Turnover increased the most in stores selling via mail order or the
Internet, with sales increasing nearly a third in year-over-year comparison. A
higher than average increase in turnover occurred also in stores selling
second-hand goods and in non-store retail sale (stalls, markets, direct sale)
(12%) and in stores selling household goods and appliances, hardware and
building materials (11%).
The turnover of grocery stores decreased 2% compared
to August 2016. The turnover fall of these stores was partly influenced by the
acceleration in the price increase of food products. While in August 2016, the
annual price increase of food products was 0.5%, in August 2017, it was 6.4%.
The turnover of enterprises engaging in the retail
sale of automotive fuel decreased 6% compared to August of the previous year.
In August, compared to July, the turnover of retail
trade enterprises decreased 1%. According to the seasonally and working-day
adjusted data, however, turnover stayed at the same level compared to the
previous month. In the eight months of 2017 (January–August), the turnover of
retail trade enterprises increased 2% compared to the corresponding period of
the previous year.
The statistics are based on the VAT declaration data
of the Estonian Tax and Customs Board.Statistics Estonia published the monthly
summary in four working days. For the statistical activity “Economic
indicators of trade enterprises”, the main representative of public interest is
the Ministry of Economic Affairs and Communications, commissioned by whom
Statistics Estonia performs this statistical activity.