The growth in retail trade turnover slowed down in May
According to Statistics Estonia, in May, the turnover of retail trade enterprises was 920 million euros. Compared to May 2021, turnover increased by 2% at constant prices.
Johanna Linda Pihlak, analyst at Statistics Estonia, said that the year-on-year increase in retail trade turnover was 12% in April but the growth slowed down in May. “In May, the increase in turnover was primarily influenced by enterprises engaged in the retail sale of automotive fuel, where turnover grew by 8% compared to May 2021,” said Pihlak.
In stores selling manufactured goods, turnover increased by 3% year on year. The biggest growth at 27% was recorded in the turnover of stores selling second-hand goods and in non-store retail sale (stalls, markets, direct sale). Turnover increased by 17% in other specialised stores selling predominantly computers and their accessories, books, sports equipment, games, toys, etc. There was a slightly smaller increase in the turnover of other non-specialised stores selling predominantly manufactured goods, i.e. department stores (6%), and in pharmacies and stores selling cosmetics (3%).
Turnover decreased in stores selling via mail order or the internet (12%), in stores selling textiles, clothing and footwear (9%), and in stores selling household goods and appliances, hardware and building materials (4%).
The turnover of grocery stores decreased by 1% compared to May last year.
In May, compared to April, the turnover of retail trade enterprises increased by 7%. According to the seasonally and working-day adjusted data, turnover remained on the same level as in April.
In the five months of 2022, the turnover of retail trade enterprises increased by 9% compared to 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:
Hanna-Liisa Ruul
Communications Partner
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9264