Turnover increased the most in stores selling textiles, clothing and footwear

According to Statistics Estonia, in June 2019, compared to June of the previous year, the turnover of retail trade enterprises increased 3% at constant prices and was 635 million euros.

The turnover of stores selling manufactured goods increased 4% compared to June 2018. Turnover increased in five and decreased in two economic activities. Turnover increased the most in stores selling textiles, clothing and footwear, with sales increasing 12% year on year. A higher than average increase in turnover occurred also in other specialised stores, such as stores selling predominantly computers and their accessories, books, sports equipment, games, toys, flowers, plants, etc. (7% growth) and in other non-specialised stores selling predominantly manufactured goods (i.e. department stores) (5% growth).

The turnover of grocery stores increased by 3% compared to June of the previous year.

The turnover of enterprises engaged in the retail sales of automotive fuel decreased 2% compared to June of the previous year.

Compared to the previous month, in June, the turnover of retail trade enterprises decreased by 1%. According to the seasonally and working-day adjusted data, the sales remained at the previous month’s level.

In the six months of 2019 (January–June), the turnover of retail trade enterprises increased 5% compared to the corresponding period of the previous year.

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Moderate rise in the construction price

According to Statistics Estonia, the change of the construction price index in the 2nd quarter of 2019 was 0.3% compared to the 1st quarter of 2019, and 2.0% compared to the 2nd quarter of 2018.

In the 2nd quarter of 2019, compared to the same quarter of the previous year, the construction price index was primarily affected by an increase in the cost of labour, which accounted for 62% of the total increase of the index.

Compared to the previous quarter, labour costs increased by 0.6% and costs of building materials by 0.1%. The prices of building machines increased by 0.4 %.

In the 2nd quarter of 2019, the change of the repair and reconstruction work price index was 0.4% compared to the 1st quarter of 2019, and 2.3% compared to the 2nd quarter of 2018.

The calculation of the construction price index covers four groups of buildings: detached houses, blocks of flats, industrial buildings and office buildings. The repair and reconstruction work price index covers office buildings. The construction price index expresses the change in the expenditures on construction taking into consideration the price changes of three basic inputs: labour force, building materials and building machines.

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Increased exports of prefabricated wood buildings

According to Statistics Estonia, in May 2019, compared to May 2018, the exports of goods increased by 8% and imports by 3%. The growth in exports of Estonian goods was significantly influenced by increased sales of prefabricated wood buildings.

In May, exports from Estonia amounted to 1.3 billion euros and imports to Estonia to 1.4 billion euros at current prices. The trade deficit was 105 million euros, which was 62 million euros less than in the same period last year.

In May, the top destination countries of Estonia’s exports were Finland (16% of Estonia’s total exports), Sweden (11%) and Latvia (9%). The biggest increase occurred in exports to Spain (up by 34 million euros), the Netherlands (up by 28 million euros) and Norway (up by 24 million euros). In exports to Spain and the Netherlands, the biggest increase occurred in the exports of mineral products (heavy oil, shale oil); and to Norway, in the exports of miscellaneous manufactured articles (prefabricated wood buildings). The biggest decrease occurred in exports to Belgium (down by 17 million euros), where less mineral products were exported.

The biggest share in exports of goods was held by electrical equipment (15% of Estonia’s total exports), followed by mineral products (14%), wood and articles of wood, miscellaneous manufactured articles, and mechanical appliances (each 10%). The biggest impact on export growth came from miscellaneous manufactured articles (up by 28 million euros), mechanical appliances (up by 23 million euros), and base metals and articles of base metal (up by 22 million euros).

The share of goods of Estonian origin in total exports was 74% in May. The exports of goods of Estonian origin grew by 9% and re-exports by 7%, year-on-year. In the exports of goods of Estonian origin, the biggest growth was in the exports of miscellaneous manufactured articles.

In May, the main countries of consignment were Finland (13% of Estonia’s total imports), Germany (11%), Sweden and Lithuania (both 10%). Imports increased the most from Sweden and Lithuania (both up by 15 million euros) and from Russia (up by 11 million euros). From Sweden, imports of electrical equipment, from Lithuania, imports of mineral products, and from Russia, imports of raw materials and products of chemical industry increased the most. Imports decreased the most from Belarus (down by 44 million euros), due to a decrease in the imports of mineral products (motor spirit, heavy oil).

The main commodities imported to Estonia were electrical equipment (13% of Estonia’s total imports), transport equipment and mineral products (both 12%) and mechanical appliances (11%). The biggest increase was in the imports of mechanical appliances, and raw materials and products of chemical industry (both up by 21 million euros) and the biggest decrease in the imports of mineral products (down by 51 million euros).

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One third of foreign tourists came from Finland

According to Statistics Estonia, in May 2019, a total of 322,000 tourists stayed in accommodation establishments, which is 6% more than in May 2018. There were more domestic and foreign tourists.

In May, a total of 211,000 foreign tourists used the services of accommodation establishments, and spent there a total of 406,000 nights. The number of foreign tourists and the number of overnight stays by foreign tourists increased by 5% compared to the previous year.

One third of foreign tourists came from Finland, 12% from Russia and 8% from Latvia. Compared to May of the previous year, the number of tourists from Russia, Latvia, Germany and Sweden increased respectively by 41%, 29%, 6% and 4%. There were 16% more Asian tourists in accommodation establishments. The number of Finnish tourists continues to decline. The number of Finnish tourists who stayed in accommodation establishments was 15% or 12,500 smaller than in May of the previous year.

Of the accommodated foreign tourists, 70% came to Estonia for holiday, 24% were on a business trip and the rest had some other reason for visiting. Two thirds of foreign tourists were accommodated in Tallinn.

In May, 111,000 domestic tourists stayed in accommodation establishments, i.e. 9% more than in May 2018. In May, domestic tourists spent a total of 182,000 nights in accommodation establishments, i.e. the number of overnight stays by domestic tourists increased by 7% compared to May 2018. 61% of domestic tourists were on a holiday trip and 26% on a business trip. 28% of the accommodated domestic tourists stayed in Harju county, 14% and 13% respectively in Pärnu and Tartu counties, and 11% in Ida-Viru county.

1,155 accommodation establishments offered services for tourists across Estonia. 22,000 rooms and 51,000 bed places were available. 50% of the rooms and 37% of the bed places were occupied. The average cost of a guest night was 43 euros, i.e. two euros more than in May 2018. The average cost of a guest night in Harju county was 52 euros, in Tartu county 38 euros, in Pärnu county 32 euros and in Ida-Viru county 31 euros.

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Price of potatoes increased by 66 pct a year

According to Statistics Estonia, the change of the consumer price index in June 2019 was 0.2% compared to May 2019 and 2.4% compared to June of the previous year.

Compared to June 2018, goods turned 1.8% and services 3.5% more expensive. Regulated prices of goods and services have risen by 0.8% and non-regulated prices by 2.9% compared to June of the previous year.

Compared to June 2018, the consumer price index was affected the most by food and non-alcoholic beverages, which contributed nearly 30% of the total increase of the index. Three quarters of this increase was due to 26% more expensive vegetables. A more substantial effect on the index change was also exerted by 29.4% more expensive holiday trips and housing (solid fuels turned 14.6%, pipeline gas 11.3% and rents 7.3% more expensive).

Compared to June 2018, petrol was 1% cheaper and diesel fuel 0.5% more expensive. Of food products, the biggest year-on-year price increases were seen for potatoes (66%), fresh vegetables (32%) and rice (12%), and the biggest price decreases for fresh fish (12%).

Compared to May, in June, the consumer price index was affected the most by transport –­ petrol turned 3.2% and diesel fuel 2.6% cheaper. A major impact on the index change was also exerted by price increases of holiday trips (by 13.9%), accommodation services (by 12.5%) and fresh vegetables (by 6.5%).

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