Sales increased 22 pct in online stores

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

In April 2017, the turnover of retail trade enterprises was 537.4 million euros.

The turnover growth of stores selling manufactured goods decelerated in April. While in March the turnover of these stores increased 10% compared to the same month of the previous year, in April the growth was 2%. The turnover increased in most economic activities, except for stores selling pharmaceutical goods and cosmetics, where the turnover was smaller than in April of the previous year. In non-specialized stores selling predominantly manufactured goods (e.g. department stores), turnover remained at the same level as in April 2016. Turnover increased the most in stores selling via mail order or the Internet, with sales increasing 22% year over year. A higher-than-average increase in turnover occurred also in stores selling second-hand goods and in non-store retail sale (stalls, markets, direct sale) (5% growth).

The turnover of grocery stores increased 2% compared to April 2016.

The turnover of enterprises engaged in the retail sale of automotive fuel, which grew in February and March, started declining again in April and decreased 4% compared to April of the previous year.

Compared to the previous month, in April, the turnover of retail trade enterprises decreased 1%. According to the seasonally and working-day adjusted data, turnover stayed at the same level compared to the previous month. In the four months of 2017 (January–April), 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

The turnover of retail trade enterprises increased 6 pct in March

According to Statistics Estonia, in March 2017, compared to March 2016, the turnover of retail trade enterprises increased 6% at constant prices. While in February the turnover increased 1% compared to the same month of the previous year, in March the growth accelerated.

In March 2017, the turnover of retail trade enterprises was 545.7 million euros.

The turnover growth of stores selling manufactured goods accelerated in March. While in February the turnover of these stores increased 3% compared to the same month of the previous year, in March the growth was 11%. The turnover increased in five and decreased in two economic activities. Turnover increased the most in stores selling via mail order or the Internet, with sales increasing 33% in a year. Turnover increased also in stores selling household goods and appliances, hardware and building materials (16% growth), in stores selling second-hand goods and in non-store retail sale (stalls, markets, direct sale) (15% growth), in non-specialised stores selling predominantly manufactured goods (e.g. department stores) (12% growth) and in other specialised stores, such as stores selling computers and their accessories, books, sports equipment, games and toys, etc. (12% growth). The turnover of stores selling pharmaceutical goods and cosmetics and in stores selling textiles, clothing and footwear decreased compared to March of the previous year.

The turnover of grocery stores, which showed a small fall in the previous months, resumed growth in March and increased 2% compared to March of the previous year.
The turnover of enterprises engaging in the retail sales of automotive fuel increased 4% compared to March of the previous year.

Compared to the previous month, in March, the turnover of retail trade enterprises increased 16%. According to the seasonally and working-day adjusted data, the growth was 2%. In the three months of 2017 (January–March), the turnover of retail trade enterprises increased 3% compared to the corresponding period of the previous year.Turnover volume index of retail trade enterprises and its trend, January 2007 – March 2017

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

Diesel fuel is 26 pct more expensive than last year

According to Statistics Estonia, the change of the consumer price index in February 2017 was 1.3% compared to January 2017 and 3.4% compared to February of the previous year.

Compared to February 2016, goods were 3.7% and services 2.7% more expensive. Regulated prices of goods and services have risen by 7.5% and non-regulated prices by 2.3% compared to February of the previous year.

Compared to February 2016, the consumer price index was affected the most by the price increase of motor fuel. Compared to February of the previous year, diesel fuel was 25.8% and petrol 22.7% more expensive. A greater impact on the index came also from the 4.1% increase in the prices of food and non-alcoholic beverages and from the increase in the prices of alcoholic beverages (5.2%) and tobacco (8.7%). Compared to February 2016, milk, dairy products and eggs were 7.4% and sugar and confectionery 6.4% more expensive. Of food products, the biggest price increases were seen for sugar (28%), butter (24%) and fresh fish (21%).

In February, compared to January, the consumer price index was affected the most by transport. In a month, motor fuel prices rose 4.9% and the plane tickets bought for February were 37% more expensive than tickets for January. A greater impact on the index came also from the 1.6% increase in the prices of food, the main contributors of which were vegetables, which were 7.5% more expensive, and sugar and confectionery, which were 3.5% more expensive.

The previous time that the monthly change of the consumer price index was 1.3% or greater was in March 2010 when it was also 1.3%.

Change of the consumer price index by commodity groups, February 2017
Commodity group February 2016 – February 2017, % January 2017 – February 2017, %
TOTAL 3.4 1.3
Food and non-alcoholic beverages 4.1 1.3
Alcoholic beverages and tobacco 6.2 2.9
Clothing and footwear 1.8 3.5
Housing 1.9 0.0
Household goods 1.1 0.5
Health 2.1 0.2
Transport 8.9 3.4
Communications -1.4 -0.3
Recreation and culture -0.4 -0.1
Education 2.8 -0.1
Hotels, cafés and restaurants 3.9 0.8
Miscellaneous goods and services 2.5 1.5

Statistics Estonia publishes the consumer price index on the 5th working day of each month, after the end of the reporting period. For the statistical activity “Consumer price index”, the main representative of public interest is the Ministry of Finance, commissioned by whom Statistics Estonia collects and analyses the data necessary for conducting the statistical activity.

Source: Statistics Estonia

The turnover of retail trade enterprises grew in December

According to Statistics Estonia, in December 2016, compared to December 2015, the turnover of retail trade enterprises increased 3% at constant prices.

In December 2016, the turnover of retail trade enterprises was 619.4 million euros.

The turnover of stores selling manufactured goods increased 9% compared to December 2015. Turnover increased in all economic activities. Turnover grew the most in stores selling via mail order or the Internet, with sales increasing 31% during the year. A higher-than-average increase in turnover occurred also in stores selling pharmaceutical goods and cosmetics (12% growth) and in stores selling second-hand goods and in non-store retail sale (stalls, markets, direct sale (11% growth).

The turnover of grocery stores has been stable in recent months. In December, the turnover of these stores stayed at the same level as in December 2015.

The turnover of enterprises engaging in the retail sales of automotive fuel, which recovered slightly in November, again turned to fall in December and decreased 7% compared to December 2015. The turnover fall in these enterprises was influenced by the considerable acceleration in the price increase of automotive fuel in December.

Compared to November 2016, in December, the turnover of retail trade enterprises increased 15%. This is a usual rise in December, when the Christmas and turn-of-the-year sales take place.

According to preliminary data, the turnover of retail trade enterprises was 6.3 billion euros in 2016. Compared to 2015, the turnover increased 4%.

Turnover volume index of retail trade enterprises and its trend

In 2016, to publish monthly statistics on retail trade, Statistics Estonia started to use only the VAT declaration data of the Estonian Tax and Customs Board and stopped data collection with the questionnaire “Turnover”. This will reduce the response burden of entrepreneurs and Statistics Estonia’s expenditure on data collection, and increase the use of administrative data. Due to the change in the data source, the monthly news release “Retail trade” will focus on theturnover of retail trade enterprises, instead of the retail sales of such enterprises. Statistics Estonia will continue publishing the retail sales indicator of retail trade enterprises on a quarterly and yearly basis. Statistics Estonia published the monthly summary in five working days.

Source: Statistics Estonia

The turnover growth of retail trade enterprises accelerated

According to Statistics Estonia, in November 2016 compared to November 2015, the turnover of retail trade enterprises increased 7% at constant prices. While in October the turnover increased 2% compared to the same month of the previous year, then in November the growth accelerated.

In November 2016, the turnover of retail trade enterprises was 533.6 million euros. The acceleration in turnover growth was influenced the most by stores selling manufactured goods, where sales increased 15% compared to November 2015. Turnover increased in all economic activities. Turnover grew the most in other specialised stores, such as stores selling computers and their accessories, books, sports equipment, games and toys etc., with sales increasing 26%. A higher-than-average increase in turnover occurred also in sales via mail order or the Internet (24%) and in stores selling pharmaceutical goods and cosmetics (19%).

The turnover of grocery stores stayed at the same level as in November 2015.

The turnover of enterprises engaging in the retail sales of automotive fuel, which showed a fall in October picked up again in November and increased 6% compared to the same month of 2015. The turnover increase of these enterprises was partly influenced by the low reference base of November 2015 and a deceleration in the price increase of automotive fuel.

Compared to October 2016, in November, the turnover of retail trade enterprises decreased 1%. According to the seasonally and working-day adjusted data, however, turnover increased 2% compared to the previous month. In the eleven months of 2016 (January–November), the turnover of retail trade enterprises increased 4% compared to the corresponding period of the previous year.Turnover volume index of retail trade enterprises and its trend

In 2016, to publish monthly statistics on retail trade, Statistics Estonia started to use only the VAT declaration data of the Estonian Tax and Customs Board and stopped data collection with the questionnaire “Turnover”. This will reduce the response burden of entrepreneurs and Statistics Estonia’s expenditure on data collection, and increase the use of administrative data. Due to the change in the data source, the monthly news release “Retail trade” will focus on theturnover of retail trade enterprises, instead of the retail sales of such enterprises. Statistics Estonia will continue publishing the retail sales indicator of retail trade enterprises on a quarterly and yearly basis. Statistics Estonia published the monthly summary in four 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

IKEA plans to expand to Estonia

Swedish furniture retail giant IKEA has not dropped plans to expand in the Baltics and is considering opening stores in Estonia and Latvia.

IKEA opened its first Baltic location in the Lithuanian capital of Vilnius in 2013 and its first years of operation have been successful, said Johannes Johannesson, a representative of IKEA’s Baltic franchise owner Felit, according to whom the opening of additional stores in Estonia and Latvia remains under consideration, although no decision had yet been made on the matter.

IKEA subsidiary IRI Investments OÜ has acquired an additional 300 hectares of land in Estonia since mid-August, 66 hectares of which consists of forested land. The company currently owns a total of 6,199 hectares of land, 5,366 hectares of which currently remains forested land.

Read more from ERR News

The turnover of retail trade enterprises increased 5 pct in a year

According to Statistics Estonia, in September 2016 compared to September 2015, the turnover of retail trade enterprises increased 5% at constant prices. Turnover has shown a stable five-percent growth for the second month in succession compared to the same month of the previous year.

In September 2016, the turnover of retail trade enterprises was 530.4 million euros.

The turnover of stores selling manufactured goods increased 9% compared to September 2015. Turnover increased in most economic activities. Only the turnover in non-specialized stores selling predominantly industrial goods (e.g. department stores) was smaller than in September of the previous year. Turnover increased the most in stores selling second-hand goods and in non-store retail sale (stalls, markets, direct sale), with sales increasing by a fifth over a year. A higher than average increase in turnover occurred also in stores selling pharmaceutical goods and cosmetics (17% growth), in sales via mail order or the Internet (13% growth) and in stores selling household goods and appliances, hardware and building materials (13% growth).

The turnover in grocery stores, which showed a small fall in August, turned upwards again in September and increased 2% compared to September of the previous year.

The turnover of enterprises engaging in the retail sales of automotive fuel stayed at the same level as in September 2015.

Compared to the previous month, in September, the turnover of retail trade enterprises decreased 6%. According to the seasonally and working-day adjusted data, however, turnover increased 1% compared to the previous month. In the nine months of 2016 (January–September), the turnover in retail trade enterprises increased 5% compared to the corresponding period of the previous year.

Diagram: Turnover volume index of retail trade enterprises and its trend

In 2016, to publish monthly statistics on retail trade, Statistics Estonia started to use only the VAT declaration data of the Estonian Tax and Customs Board and stopped data collection with the questionnaire “Turnover”. This will reduce the response burden of entrepreneurs and Statistics Estonia’s expenditure on data collection, and increase the use of administrative data. Due to the change in the data source, the monthly news release “Retail trade” will focus on the turnover of retail trade enterprises, instead of the retail sales of such enterprises. Statistics Estonia will continue publishing the retail sales indicator of retail trade enterprises on a quarterly and yearly basis. Statistics Estonia published the monthly summary in five working days.

Source: Statistics Estonia