The sales increased in most economic activities

According to Statistics Estonia, in March 2011 compared to March of the previous year the retail sales of goods of retail trade enterprises increased 5% at constant prices.

Compared to the same month of the previous year, the retail sales of retail trade enterprises started to grow again in September 2010, after two and a half years decline. The growth continued also in October, November and December. In January this year the retail sales slightly fell but in February it turned to a rise again. The growth in retail sales continued also in March.

In March, the retail sales of goods of retail trade enterprises were 304 million euros (4.7 billion kroons). The increase in retail sales of goods was influenced by the stores selling manufactured goods, where the retail sales increased 13% compared to March 2010. The sales increased in most economic activities. The growth in retail sales was the highest in stores selling household goods and appliances, hardware and building materials, where the retail sales increased 28% during the year. Non-specialized stores with industrial goods predominating and other specialized stores were also successful. In these stores the retail sales increased 19% and 16%, respectively.

The retail sales in grocery stores decreased 1% compared to March of the previous year. The decrease in retail sales of these stores was continually influenced by the price increase higher than the average.

Compared to the previous month, the retail sales in retail trade enterprises increased 16% at constant prices. According to the seasonally and working-day adjusted data the retail sales increased by 2%. During the three months of 2011 (January–March), the retail sales in retail trade enterprises increased 2% at constant prices compared to the corresponding period of the previous year.

In March the revenues from sales of retail trade enterprises were 374 million euros (5.8 billion kroons), out of which the retail sales of goods accounted for 81%. Compared to March 2010, the revenues from sales increased 11% at current prices. Compared to the previous month, this indicator increased 18%.

Retail sales volume index of retail trade enterprises and its trend, January 2002 – March 2011 (2005 = 100)

Diagram: Retail sales volume index of retail trade enterprises and its trend

Source: Statistics Estonia

Electronics manufacturing increased over four times

According to Statistics Estonia, in March 2011 the production of industrial enterprises grew 33% compared to March of the previous year. The production showed a 30% growth for the seventh month in succession compared to the same month of the previous year.

The growth of production has been mainly influenced by the increase in external demand as previously, but the domestic demand also increased compared to March of the previous year.

In March 2011, the production of manufacturing increased 42% compared to March 2010. Export sales of the manufacturing production grew significantly (71%). About three quarters (73%) of the whole production of manufacturing was sold on the external market. The demand on the domestic market was continually lower – the domestic sales increased 20% compared to March of the previous year.

In March, the production exceeded the volume of the previous year in most branches of industry. The manufacturing of electronic products increased by more than four times compared to March of the previous year. This branch accounted for a quarter of the total production in manufacturing. The branches holding bigger shares were also the manufacturing of wood and metal products where the production grew 27% and 24%, respectively. With respect to the branches of manufacturing holding smaller shares, the production increased considerably in the manufacturing of chemicals, machinery and equipment mainly due to the increase in exports.

In March 2011 compared to February, the seasonally adjusted industrial production as well as manufacturing grew 3%.

In March 2011 compared to March 2010, the production of electricity increased 6% and the production of heat decreased 3%.

The volume index and trend of production in manufacturing, January 2002 – March 2011 (2005 = 100)

Diagram:Change in volume index of industrial production

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