Retail shops sold for 651 million euros in August

According to Statistics Estonia, in August, the turnover of retail trade enterprises was 651 million euros, having increased by 4% at constant prices compared to August 2018.

The turnover of stores selling manufactured goods increased by 5%. Turnover increased the most in stores selling textiles, clothing and footwear, with sales increasing 9% year on year. A higher than average increase occurred in stores selling household goods and appliances, hardware and building materials and in stores selling second-hand goods and non-store retail sale (stalls, markets, direct sales). In both economic activities, the growth was 6%.

The turnover of grocery stores increased by 4% and the turnover of enterprises engaged in the retail sales of automotive fuel by 2%.

Compared to the previous month, the turnover of retail trade enterprises decreased in August by 2%. According to the seasonally and working-day adjusted data, the turnover increased by 1%. In the first eight months of 2019, the turnover of retail trade enterprises increased by 5% compared to the same period of the previous year.

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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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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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Sales increased by 7 pct in 1Q

According to Statistics Estonia, in the 1st quarter of 2019, enterprises sold goods and services for 14.8 billion euros, which was 7% more than in the same period the year before.

Compared to the 1st quarter of 2018, turnover increased in most economic activities, except in mining and real estate, where turnover decreased. The biggest increase occurred in the turnover of education and professional, scientific and technical activities. Manufacturing and trade enterprises contributed the most to the turnover of the business sector. The turnover of both activities increased by 6%.

Compared to the same quarter of the previous year, the total expenditure of enterprises increased by 8%, including a 10% increase in labour costs. The number of persons employed as well as the number of hours worked increased by 3%. The labour productivity of the business sector on the basis of turnover amounted to an average of 31,800 euros in a quarter per person employed, i.e. 4% more than in the 1st quarter of 2018.

In the 1st quarter of 2019, enterprises invested 756 million euros, which is a third more than in the same period the year before. The investments were made mostly in machinery and equipment, and in buildings. Manufacturing, real estate and transportation and storage enterprises accounted for about a half of the total investments of all enterprises.

Compared to the 1st quarter of 2018, all investments increased. The biggest increase was registered in investments in land and in machinery and equipment.

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The turnover of retail trade enterprises increased by 6 pct in January

According to Statistics Estonia, in January 2019, compared to January 2018, the turnover of retail trade enterprises increased 6% at constant prices.

In January 2019, the turnover of retail trade enterprises was 556.8 million euros. The increase in turnover was mostly influenced by enterprises engaging in the retail sales of automotive fuel, where the turnover increased by nearly a fourth (24%) compared to January 2018. The fast turnover growth of these enterprises was influenced by the very low reference base of January 2018 and by automotive fuel prices which were cheaper than last year. The turnover growth of enterprises engaging in the retail sales of automotive fuel gave almost a half of the total increase in the turnover of retail trade enterprises.

The turnover of stores selling manufactured goods increased 3% compared January 2018. Turnover increased in most economic activities, except in stores selling textiles, clothing and footwear, where turnover was smaller than in January of the previous year. Turnover increased the most in other specialised stores, such as stores selling predominantly computers and their accessories, books, sports equipment, games, toys, etc., with sales increasing 7% in a year. A higher than average increase in turnover (6%) occurred also in stores selling second-hand goods and non-store retail sale (stalls, markets, direct sale).

The turnover of grocery stores increased 2% compared to January 2018.

Compared to the previous month, in January, the turnover of retail trade enterprises decreased 16%. This is a usual fall following the Christmas and turn-of-the-year sales in December. According to the seasonally and working-day adjusted data, retail sales increased 2% compared to the previous month.

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Turnover of retail trade enterprises stayed at same level

According to Statistics Estonia, in December 2018, compared to December 2017, the turnover of retail trade enterprises remained at the same level at constant prices.

In December 2018, the turnover of retail trade enterprises was 667.9 million euros.

The turnover of stores selling manufactured goods increased 3% compared to December 2017. Turnover increased in four and decreased in two economic activities. In one economic activity, sales remained at the level of the previous year. Turnover increased the most in pharmacies and stores selling cosmetics, with sales increasing 13% in a year. Turnover increased also in other non-specialised stores which sell predominantly manufactured goods (e.g. department stores) (12% growth), in stores selling textiles, clothing and footwear (6% growth) and in other specialised stores, such as stores selling predominantly computers and their accessories, books, sports equipment, games, toys, etc. (1% growth). The turnover of stores selling via mail order or the internet and stores selling second-hand goods and non-store retail sale (stalls, markets, direct sale) decreased compared to December 2017. The turnover of stores selling household goods and appliances, hardware and building materials remained at the same level as in December 2017.

The turnover of grocery stores decreased 1% compared to December 2017.

The turnover of enterprises engaged in retail sales of automotive fuel decreased 6% compared to December 2017.

Compared to November 2018, in December, the turnover of retail trade enterprises increased 12%. 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 7.1 billion euros in 2018. Compared to 2017, turnover increased 1%.

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The turnover of retail trade enterprises decreased in June

According to Statistics Estonia, in June 2018, compared to June of the previous year, the turnover of retail trade enterprises decreased 1% at constant prices.

In June 2018, the turnover of retail trade enterprises was 613.6 million euros.

The turnover growth of stores selling manufactured goods slowed down in June. While in May, the turnover of these stores increased 6% compared to the same month of the previous year, in June the growth was 2%. The turnover increased in four and decreased in two economic activities. In one economic activity, sales remained on the level of the previous year. Compared to June of the previous year, turnover increased in stores selling household goods and appliances, hardware and building materials (9% growth), in stores selling via mail order or the internet (7% growth), in pharmacies and stores selling cosmetics (5% growth) and in non‑specialised stores, e.g. department stores, selling predominantly manufactured goods (1% growth). Compared to June of the previous year, turnover decreased in other specialised stores, such as stores selling predominantly computers and their accessories, books, sports equipment, games, toys, etc., in stores selling second-hand goods and in non-store retail sale (stalls, markets, direct sale). In stores selling textiles, clothing and footwear, turnover remained at the same level as in June of the previous year.

The turnover of grocery stores decreased 4% compared to June 2017.

The turnover of enterprises engaged in retail sales of automotive fuel decreased 4% compared to June of the previous year.

Compared to the previous month, in June, the turnover of retail trade enterprises decreased 2%. According to the seasonally and working-day adjusted data, the decrease was also 2%. In the six months of 2018 (January–June), the turnover of retail trade enterprises increased 0.5% compared to the corresponding period of the previous year.

Turnover volume index of retail trade enterprises and its trend, January 2008 – June 2018

The statistics are based on the VAT declaration data of the Estonian Tax and Customs Board.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