Analytics, Business, Covid-19, Estonia, Markets and Companies
International Internet Magazine. Baltic States news & analytics
Thursday, 28.03.2024, 14:58
Businesses' turnovers didn't grow in month-to-month comparison in May
Mart Leesment, leading statistician at Statistics Estonia, said that the impacts of the crisis are increasingly revealing themselves, as a result of which the reduction in turnover compared with the previous year deepened and started nearing the ratio of one quarter.
"Of fields of activity, accommodation and catering, and art, entertainment and leisure activities continue to throne at the top of those losing out in turnover. Fortunately, the end of the emergency situation and easing of restrictions brought a moderate turnover growth for both areas of activity compared with the previous month and reduced somewhat the decline compared with May of last year," Leesment said.
He observed that not all areas of activity saw a reduction in turnover, as declared turnover in other service activities grew considerably compared with the same month last year.
According to the analyst, the crisis also increasingly started to express itself in labor costs, as the payouts made in May show the size of remuneration for the work done in April. In that full month of the emergency situation, labor costs per employee fell broadly to the level of a couple of years ago.
- 28.01.2022 BONO aims at a billion!
- 30.12.2020 Накануне 25-летия Балтийский курс/The Baltic Course уходит с рынка деловых СМИ
- 30.12.2020 On the verge of its 25th anniversary, The Baltic Course leaves business media market
- 30.12.2020 Hotels showing strong interest in providing self-isolation service
- 30.12.2020 EU to buy additional 100 mln doses of coronavirus vaccine
- 30.12.2020 ЕС закупит 100 млн. дополнительных доз вакцины Biontech и Pfizer
- 29.12.2020 В Латвии вводят комендантский час, ЧС продлена до 7 февраля
- 29.12.2020 Latvia to impose curfew, state of emergency to be extended until February 7
- 29.12.2020 Number of new companies registered in Estonia up in 2020
- 29.12.2020 В Риге можно изолироваться в трех гостиницах