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

Beer price has increased by 27 pct in a year

According to Statistics Estonia, the change of the consumer price index in February 2018 was 0.9% compared to January 2018 and 3.1% compared to February of the previous year.

Compared to February 2017, goods were 3.5% and services 2.4% more expensive. Regulated prices of goods and services have risen by 6.4% and non-regulated prices by 2.2% compared to February of the previous year.

Compared to February 2017, the consumer price index was affected the most by food and non‑alcoholic beverages, which became 5% more expensive, contributing over a third of the total increase of the index. Fruit was 18.2% and milk, dairy products and eggs 7% more expensive. Alcoholic beverages and tobacco accounted for nearly a quarter of the total increase of the index. 60% of the impact of alcoholic beverages and tobacco came from beer, which was 27% more expensive. Motor fuel contributed a ninth of the total increase. Petrol was 7% and diesel fuel 4.6% more expensive than in February 2017. Compared to the same month of the previous year, of food products, the biggest price increases were seen for eggs (41%), frozen fruit and berries (37%) and butter (25%).

Compared to January 2018, the consumer price index was affected the most by a 5.3% price increase of electricity that reached homes. 0.8% more expensive food, 2.9% more expensive alcoholic beverages and the ending of seasonal sales of clothing and footwear also had a greater impact on the index.

Change of the consumer price index by commodity groups, February 2018
Commodity group February 2017 – February 2018, % January 2018 – February 2018, %
TOTAL 3.1 0.9
Food and non-alcoholic beverages 5.0 0.7
Alcoholic beverages and tobacco 10.6 2.2
Clothing and footwear 0.9 2.7
Housing 4.2 1.2
Household goods 0.8 0.2
Health 3.0 0.8
Transport 0.6 0.4
Communications -5.6 -0.2
Recreation and culture 2.0 1.3
Education -4.7 -0.1
Hotels, cafés and restaurants 5.0 1.0
Miscellaneous goods and services 2.9 0.5

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 was 654.5 mEUR in December

According to Statistics Estonia, in December 2017, compared to December 2016, the turnover of retail trade enterprises increased 1% at constant prices.

In December 2017, the turnover of retail trade enterprises was 654.5 million euros.

The turnover of stores selling manufactured goods increased 7% compared to December 2016. Turnover increased in most economic activities, except in non-specialised stores selling predominantly manufactured goods (e.g. department stores) where turnover was smaller than in December 2016. Turnover increased the most in stores selling via mail order or the internet, with sales increasing 26% in a year. A higher than average increase in turnover occurred also in stores selling household goods and appliances, hardware and building materials (growth 13%) and in stores selling second-hand goods and in non-store retail sale (stalls, markets, direct sale) (growth 9%).

The turnover of grocery stores decreased 3% compared to December 2016. The turnover fall of these stores was affected by the continuing price increase of food products.

The turnover of enterprises engaged in retail sales of automotive fuel stayed at the same level as in December 2016.

Compared to November 2017, in December the turnover of retail trade enterprises increased 18%. This is a usual rise in December, when Christmas and turn-of-the-year sales take place.

According to preliminary data, the turnover of retail trade enterprises was 6.7 billion euros in 2017. Compared to 2016, turnover increased 1.5%.Turnover volume index of retail trade enterprises and its trend, January 2007 – December 2017

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

The turnover of retail trade enterprises fell in November

According to Statistics Estonia, in November 2017, compared to November 2016, the turnover of retail trade enterprises decreased 1% at constant prices. The decrease in turnover was affected the most by enterprises engaged in the retail sales of automotive fuel.

In November 2017, the turnover of retail trade enterprises was 558 million euros. The decrease in turnover was affected the most by enterprises engaged in retail sales of automotive fuel, where sales decreased 9% compared to November 2016. The turnover fall of these enterprises was impacted by considerably faster price increase of automotive fuel in November. While in October petrol was 7.5% and diesel fuel 9% more expensive in year-on-year comparison, in November both petrol and diesel fuel were 16% more expensive.

The turnover of grocery stores decreased 3% compared to November 2016. The turnover fall of these stores was affected by the continuing price increase of food products.

The turnover of stores selling manufactured goods increased 5% compared to November 2016. Turnover increased in most economic activities, except in other specialised stores selling mainly computers and their accessories, books, sports equipment, games, toys etc. where turnover was smaller than in November 2016. Turnover increased the most in stores selling via mail order or the internet, with sales increasing 28% in a year. A higher than average increase in turnover occurred also in stores selling household goods and appliances, hardware and building materials (12%) and in stores selling textiles, clothing and footwear (8%).

Compared to October 2017, in November the turnover of retail trade enterprises decreased 4%. However, according to the seasonally and working-day adjusted data, turnover stayed at the same level as in the previous month.

In the eleven months of 2017 (January–November), the turnover of retail trade enterprises increased 1.5% compared to the corresponding period of the previous year.

Turnover volume index of retail trade enterprises and its trend, January 2007 – November<br>2017 (2010 = 100)

The statistics are based on the VAT declaration data of the Estonian Tax and Customs Board. Statistics Estonia published the monthly summary in three 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