The turnover of retail trade enterprises increased 5 pct in June

According to Statistics Estonia, in June 2017, the turnover of retail trade enterprises increased 5% at constant prices compared to June 2016. While in May turnover increased 1% compared to the same month of the previous year, in June growth accelerated.

In June 2017, the turnover of retail trade enterprises was 593.1 million euros.

The turnover growth of stores selling manufactured goods accelerated in June. While in May the turnover of these stores increased 5% compared to the same month of the previous year, in June the growth was 11%. Turnover increased in all economic activities. The increase was largest in stores selling via mail order or the Internet, with sales increasing nearly a third (32%) in year-over-year comparison. A higher than average increase in turnover occurred also in other specialised stores, selling mainly computers and their accessories, photography supplies, books, sports equipment, games and toys, flowers, plants, etc. (22%). In June, the turnover of stores selling pharmaceutical goods and cosmetics, which showed a decline in the previous months, resumed growth, increasing 5% compared to the same month of the previous year. After a decline in May, turnover increased also in stores selling textiles, clothing and footwear (6%) and in other non-specialized stores selling predominantly manufactured goods (e.g. department stores) (5%). In June, turnover growth continued also in stores selling household goods and appliances, hardware and building materials (7%) and in stores selling second-hand goods and in non-store retail sale (stalls, markets, direct sale) (2%).

The turnover of grocery stores stayed at the same level compared to June 2016.

The turnover of enterprises engaged in the retail sale of automotive fuel, which showed a decline in April and May, resumed growth in June, increasing 3% compared to June of the previous year.

Compared to the previous month, in June, the turnover of retail trade enterprises increased 2%. According to the seasonally and working-day adjusted data, the growth was 1%. In the six months of 2017 (January–June), the turnover of retail trade enterprises increased 2% compared to the corresponding period of the previous year.Turnover volume index of retail trade enterprises and its trend

The statistics are based on the VAT declaration data of the Estonian Tax and Customs Board. Statistics Estonia published the monthly summary in five working days. For the statistical activity “Economic indicators of trade enterprises”, the main representative of public interest is the Ministry of Economic Affairs and Communications, commissioned by whom Statistics Estonia performs this statistical activity.

Source: Statistics Estonia

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