Retail trade turnover up by 3% in August
According to Statistics Estonia, in August, the turnover of retail trade enterprises was 924 million euros. Compared with August 2021, turnover increased by 3% at constant prices.
Johanna Linda Pihlak, analyst at Statistics Estonia, said that the increase in retail trade turnover was influenced the most by enterprises engaged in the retail sale of automotive fuel, where turnover grew by 15% year on year. “The increase in retail sales of automotive fuel was related to the lower reference base of August last year and the slower rise in automotive fuel prices,” added Pihlak.
The turnover of stores selling manufactured goods increased by 2% compared with August 2021. The biggest increase was recorded in stores selling second-hand goods and in non-store retail sale (stalls, markets, direct sale), where turnover grew by 13%. Turnover increased by 6% in other specialised stores selling predominantly computers and their accessories, books, sports equipment, games, toys, etc., by 4% in stores selling via mail order or the internet, by 4% in other non-specialised stores selling predominantly manufactured goods (i.e. department stores), and by 2% in pharmacies and stores selling cosmetics. Turnover decreased by 10% in stores selling textiles, clothing and footwear, and by 2% in stores selling household goods and appliances, hardware and building materials.
In August, the turnover of grocery stores remained at last year’s level.
Compared with July, the turnover of retail trade enterprises remained at the same level in August. According to the seasonally and working-day adjusted data, turnover also remained the same as in the previous month.
In the first eight months of 2022, the turnover of retail trade enterprises increased by 6% compared with the same period of 2021.
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.
For further information:
Helen Maria Raadik
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9191