Decline in retail trade turnover in June was most affected by stores selling manufactured goods

News
Posted on 28 July 2023, 8:00

According to Statistics Estonia, in June, the turnover of retail trade enterprises was 896 million euros. Compared with June 2022, turnover fell by 8% at constant prices.

Johanna Linda Pihlak, analyst at Statistics Estonia, said that while turnover in May decreased by 10% compared with the same time last year, the decline slowed down somewhat in June. “The drop in retail trade turnover in June was most affected by stores selling manufactured goods, where turnover fell by 12% year on year,” Pihlak added.

In stores selling manufactured goods, turnover was down in most sectors compared with June 2022, except for pharmacies and stores selling cosmetics, in which turnover was up by 2%. Turnover fell the most, by 21%, in other specialised stores selling predominantly computers and their accessories, books, sports equipment, games, toys, etc., as well as in stores selling via mail order or the internet.

Compared with June 2022, the turnover of grocery stores decreased by 4% and turnover of enterprises engaged in the retail sale of automotive fuel by 2%.

In June compared with May, the turnover of retail trade enterprises fell by 2%. According to the seasonally and working-day adjusted data, turnover was down by 1% compared with the previous month.

In the first half of 2023, the turnover of retail trade enterprises declined by 9% compared with the same period last year.

Turnover volume index of retail trade enterprises and its trend, January 2013 – June 2023 (2015 = 100)

* Volume index – an index that expresses the change in the volume of sales of goods in constant prices compared with the sales of some previous period. Price indices of goods are used in calculating the index.

The statistics are based on the VAT declaration data of the Estonian Tax and Customs Board. Statistics Estonia performs the statistical activity “Financial statistics of trade enterprises (monthly)” for the Ministry of Economic Affairs and Communications in order to determine how the Estonian economy is doing.

See also the internal trade section on our website.

More detailed data have been published in the statistical database.

When using Statistics Estonia’s data and graphs, please indicate the source.

For further information:

Helen Maria Raadik
Media Relations Manager

Marketing and Dissemination Department
Statistics Estonia

Tel +372 625 9181
press [at] stat.ee

Photo: Shutterstock

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