Customers returned to shopping centres

According to Statistics Estonia, in May 2020, the turnover of retail trade enterprises was 625 million euros. Compared to May 2019, turnover decreased by 1% at constant prices.

According to Jaanika Tiigiste, leading analyst at Statistics Estonia, the fall in turnover, which in April was 15% year on year, slowed down considerably in May. “The main reason was that since 11 May, people were again allowed to visit shopping centres,” explained Tiigiste.

The turnover of stores selling manufactured goods decreased by 3% compared to May 2019. Turnover decreased the most, by 50%, in pharmacies and stores selling cosmetics.

In stores selling textiles, clothing and footwear, the decrease was 22%. In other non-specialised stores selling predominantly manufactured goods (department stores), turnover declined by 16%, and in stores selling second-hand goods and in non-store retail sale (stalls, markets, direct sale), by 15%.

Turnover increased compared to May 2019 in stores selling household goods and appliances, hardware and building materials, in other specialised stores, such as stores selling predominantly computers and their accessories, books, sports equipment, games, toys, flowers, plants, etc., and in stores selling via mail order or the internet.

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Estonian prices in May

According to Statistics Estonia, the change of the consumer price index in May 2020 was -0.7% compared to April 2020 and -1.7% compared to May 2019. Compared to May of the previous year, goods were 1.5% and services 2.0% cheaper.

Viktoria Trasanov, a leading analyst at Statistics Estonia, noted that, “The last time the change of the consumer price index in comparison with the same month of the previous year was so substantial was more than ten years ago in December 2009, when it was also -1.7%.”

Compared to May 2019, the consumer price index was affected the most by the price decrease of motor fuel. Petrol was 18% cheaper, and diesel fuel, with excise lowered in May, was 26.8% cheaper. Electricity, heat energy and heating were altogether 9.3% cheaper. This included electricity that reached homes, which was 17% cheaper compared to the previous year. A greater impact on the index came also from more expensive food and non-alcoholic beverages. The main contributors to their price increase were fruit, and meat and meat products, which were respectively 23.3% and 8.1% more expensive. Among food products, prices fell for potatoes (-28%), fresh vegetables (-26%) and fresh fish (-22%).

Regulated prices of goods and services fell by 10.8% and non-regulated prices rose by 0.8% compared to May 2019.

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Turnover fell 72 pct in textile, clothing and footwear stores

According to Statistics Estonia, in April 2020, the turnover of retail trade enterprises was 517 million euros. Compared to April 2019, turnover decreased by 15% at constant prices.

According to Jaanika Tiigiste, leading analyst at Statistics Estonia, the turnover of stores selling manufactured goods fell by 24% year on year. “The main reason for the turnover decline in April was the fact that shopping centres were closed for the whole month because of the emergency situation,” explained Tiigiste.

Turnover decreased the most, by 72%, in stores selling textiles, clothing and footwear. Other specialised stores selling predominantly manufactured goods (department stores) but also pharmacies and cosmetics stores lost half of their turnover compared to the same period a year ago. In stores selling second-hand goods and in non-store retail sale (stalls, markets, direct sale), the decrease was 32%. In other specialised stores, such as stores selling predominantly computers and their accessories, books, sports equipment, games, toys, flowers, plants, etc., turnover declined by 18%, and in stores selling household goods and appliances, hardware and building materials, by 11%.

Enterprises engaged in the retail sale of automotive fuel recorded a 25% decline in turnover, while the turnover of grocery stores remained at the same level as in April of the previous year.

In April, compared to March, the turnover of retail trade enterprises decreased by 18%. According to the seasonally and working-day adjusted data, the decrease was 13%.

In the first four months of 2020, the turnover of retail trade enterprises decreased by 1% compared to the same period of the previous year.

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Price of diesel falls below a euro per liter

Fuel company Jetoil was the first to lower the price of diesel below a euro per liter on Thursday, followed by Olerex, Neste, Alexela and Circle K later.

According to Alan Vaht, board member at fuel company Alexela, further decrease in fuel prices is expected elsewhere due to cuts in excise duty.

“Unfortunately, the world market prices are rising. The price of diesel fuel has risen by two cents per liter and the price of gasoline by one cent per liter. The prices are going up and down,” Vaht said, remarking that storage facilities are full, there is nowhere to store crude oil and this will keep fuel prices low throughout the year. Prices will not rise before OPEC decides to scale back production.

On Tuesday, Vaht predicted the price of 95-octane gasoline to fall as well, but the price of petrol has risen by a cent on the world market.

The government cut excise duty on diesel as part of its economic aid package in the wake of the COVID-19 pandemic, meaning from Friday, May 1, fuel sellers are likely to lower prices at pump by 14.5 cents per liter, from the current level of €1.199 per liter, which it has been at for a couple of weeks, at least in Tallinn, to €1.054.

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Turnover of pharmacies increased in March

According to Statistics Estonia, in March 2020, the turnover of retail trade enterprises was 630 million euros. Compared to March of the previous year, turnover increased by 4% at constant prices.

The turnover growth of stores selling manufactured goods slowed down in March. While in February the turnover of these enterprises increased by 13% compared to the same month of the previous year, in March the growth was 6%. Turnover increased the most in pharmacies and stores selling cosmetics and in other specialised stores. In both economic activities, the growth was 30%. Turnover increased also in stores selling via mail order or the internet and in stores selling household goods and appliances, hardware and building materials. Compared to March of the previous year, turnover decreased by 43% in stores selling textiles, clothing and footwear and by 21% in non-specialised stores selling predominantly manufactured goods (department stores). Turnover decreased by 10% in stores selling second-hand goods and in non-store retail sale (stalls, markets, direct sale).

The turnover of grocery stores increased by 8% compared to March of the previous year. The turnover of enterprises engaged in the retail sale of automotive fuel decreased by 13%.

In March compared to February, the turnover of retail trade enterprises increased by 10%. According to the seasonally and working-day adjusted data, the turnover decreased by 3%. In the first three months of 2020, the turnover of retail trade enterprises increased by 5% compared to the corresponding period of the previous year.

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Source: Statistics Estonia

Smallest change in consumer price index in 3,5 years

According to Statistics Estonia, the change of the consumer price index in March was –0.7% compared to February and 0.9% compared to March of the previous year. The last time that the year-on-year change of the consumer price index was below 0.9% was in October 2016, when it was 0.6%.

Compared to March 2019, goods were 0.8% and services 1.1% more expensive. Regulated prices of goods and services fell by 3.5% and non-regulated prices rose by 2.1%.

Compared to March 2019, the consumer price index was affected the most by more expensive food and non-alcoholic beverages. The main contributors were fresh fruit (19.4%), meat and meat products (5.1%). Electricity that reached homes was 13.7% cheaper, petrol 0.2% more expensive and diesel fuel 2.4% cheaper. Of food products, rice was more expensive (14%), while potatoes (26%) and fresh vegetables (12%) were cheaper.

Compared to February, the consumer price index was affected the most by cheaper motor fuel (4.7%), which contributed more than 40% of the total change of the index. Food and non-alcoholic beverages were 1.1% and electricity that reached homes 5.1% cheaper.

The consumer price index for March largely reflects the situation before the emergency situation, as the price collection period was the week before it was announced. The index for education decreased due to the decision of local authorities to suspend kindergarten fees during the emergency situation.

Change of the consumer price index by commodity groups, March 2020
Commodity group March 2019 – March 2020, % February 2020 – March 2020, %
TOTAL 0.9 -0.7
Food and non-alcoholic beverages 2.3 -1.1
Alcoholic beverages and tobacco -2.7 0.4
Clothing and footwear 2.1 1.5
Housing -3.0 -1.0
Household goods 1.3 0.3
Health 3.3 -0.1
Transport 0.2 -2.0
Communications -1.4 -0.1
Recreation and culture 5.4 -0.1
Education -8.3 -11.3
Hotels, cafés and restaurants 2.7 0.0
Miscellaneous goods and services 1.8 0.0

Source: Statistics Estonia

The turnover of retail trade enterprises was 585 mEUR in January

According to Statistics Estonia, in January 2020, the turnover of retail trade enterprises was 585 million euros. Compared to January 2019, turnover increased by 3% at constant prices.

The turnover of stores selling manufactured goods increased by 11% and the turnover of grocery stores by 5% compared to January of the previous year. The turnover of enterprises engaged in the retail sales of automotive fuel decreased by 17%. The turnover fall of these enterprises was influenced by the high reference base of January of the previous year and continuing price increase of automotive fuel.

Compared to December, the turnover of retail trade enterprises decreased by 16% in January. 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 by 1% compared to the previous month.

See graph here 
Source: Statistics Estonia

The consumer price index increased by 2.3 pct in 2019

According to Statistics Estonia, the consumer price index increased by 2.3% in 2019 compared to the average of 2018.

In 2019, the consumer price index was affected the most by food and non-alcoholic beverages. The biggest impact on the latter came from 17% more expensive vegetables and 4.9% more expensive flour and cereal products. The prices of petrol and diesel fuel increased by 0.5% and 1.5%, respectively, while alcoholic beverages were 3% cheaper than in 2018.

In 2019, compared to the average of 2018, the biggest price increases among food products were seen for potatoes (27.9%), fresh vegetables (24.1%) and rice (10.6%).

Change of consumer price index by commodity group, 2019
Commodity group 2018–2019, %
TOTAL 2.3
Food and non-alcoholic beverages 3.0
Alcoholic beverages and tobacco 0.1
Clothing and footwear 0.7
Housing 2.9
Household goods 1.9
Health 2.5
Transport 0.7
Communications -2.9
Recreation and culture 5.8
Education 5.5
Hotels, cafés and restaurants 3.8
Miscellaneous goods and services 2.7

 

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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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