Turnover increased the most in stores selling second-hand goods

According to Statistics Estonia, in June 2016 compared to June 2015, the turnover of retail trade enterprises increased 4% at constant prices. While in May the turnover increased 8% compared to the same month of the previous year, in June the turnover growth decelerated.

In June 2016, the turnover of retail trade enterprises was 550.5 million euros.

The turnover growth of stores selling manufactured goods slowed down markedly in June. The turnover of those stores increased 13% in May compared to the same month of the previous year, whereas in June the growth was 6%. The turnover increased in five and decreased in two economic activities. Turnover increased the most in stores selling second-hand goods and in non-store retail sale (stalls, markets, direct sale), with sales increasing 28% over a year. The turnover increased also in stores selling pharmaceutical goods and cosmetics (14% growth), via mail order or the Internet (10% growth), in stores selling textiles, clothing and footwear (9% growth) and in stores selling household goods and appliances, hardware and building materials (8% growth). The turnover in non-specialized stores selling predominantly industrial goods (e.g. department stores) and in other specialized stores, such as stores selling computers and their accessories, books, sports equipment, games and toys etc. decreased compared to June of the previous year.

The turnover growth of enterprises engaging in the retail sales of automotive fuel also decelerated in June. While in May the turnover of those enterprises increased 6% compared to the same month of the previous year, then in June the sales remained on the level of the previous year. The turnover growth deceleration was partly influenced by the higher reference base of June 2015 and deceleration in the price decrease of automotive fuel.

The turnover in grocery stores has shown a rather stable growth in the recent months. In June, the turnover of these stores increased 4% compared to June of the previous year.

Compared to the previous month, in June, the turnover of retail trade enterprises decreased 1%. According to the seasonally and working-day adjusted data the decrease was also 1%. In the six months of 2016 (January–June), the turnover in retail trade enterprises increased 6% 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 reduced the response burden of entrepreneurs and Statistics Estonia’s expenditure on data collection, and increased 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 four working days.

Source: Statistics Estonia

Pharmaceutical and cosmetics stores had best turnovers

According to Statistics Estonia, in March 2016 compared to March 2015, the turnover of retail trade enterprises increased 3% at constant prices. While in January, the turnover increased 8% compared to the same month of the previous year and in February the growth decelerated to 5%, then in March the turnover growth decelerated even more.

In March 2016, the turnover of retail trade enterprises was 494 million euros.

The turnover of stores selling manufactured goods increased 6% compared to March 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 March of the previous year. Turnover increased the most in stores selling pharmaceutical goods and cosmetics (22% growth) and via mail order or the Internet (20% growth).

The turnover in grocery stores increased 1% compared to March 2015.

The turnover of enterprises engaging in the retail sales of automotive fuel, which showed a fall in February, turned upwards again in March and increased 2% at constant prices compared to March of the previous year.

Compared to the previous month, in March, the turnover of retail trade enterprises increased 12% at constant prices. According to the seasonally and working-day adjusted data, the turnover decreased 1% compared to the previous month. In the three months of 2016 (January–March), the turnover in retail trade enterprises increased 5.5% at constant prices compared to the corresponding period of the previous year.Diagram: Turnover volume index of retail trade enterprises and its trend

In 2016, 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 four working days.

Source: Statistics Estonia

Price changes in March

According to Statistics Estonia, the change of the consumer price index in March 2016 was 0.8% compared to February 2016 and -0.2% compared to March of the previous year.

Compared to March 2015, goods were 0.3% and services 0.1% cheaper. Regulated prices of goods and services have fallen by 3.0% and non-regulated prices have risen by 0.7 % compared to March of the previous year.

Compared to March 2015, the consumer price index was influenced the most by motor fuel, which has become 11.6% cheaper, with petrol having become 10.7% and diesel fuel 13.5% cheaper. 11% cheaper heat energy and 6% more expensive alcoholic beverages also had a bigger impact on the index. Compared to March of the previous year, liquid fuel has become 26% more expensive and pipeline gas has become 26% cheaper.

In March compared to February, the consumer price index was yet again influenced the most by transport, which provided more than a third of the total increase, with motor fuel becoming 2.9% and plane tickets bought for March 21% more expensive. 1.2% more expensive food and non-alcoholic beverages had nearly the same impact on the index, with 4.5% more expensive vegetables providing more than a third of the impact.

The previous time that the monthly change of the consumer price index was greater than 0.8% was in March 2012 when it was 1.0%.

Change of the consumer price index by commodity groups, March 2016
Commodity group March 2015 –
March 2016, %
February 2016 –
March 2016, %
TOTAL -0.2 0.8
Food and non-alcoholic beverages 0.5 1.2
Alcoholic beverages and tobacco 5.4 0.7
Clothing and footwear 3.2 1.9
Housing -2.7 -0.1
Household goods 0.8 0.5
Health 1.7 0.2
Transport -5.6 2.1
Communications -0.3 0.5
Recreation and culture 3.5 0.8
Education -13.7 0.0
Hotels, cafés and restaurants 3.3 -0.4
Miscellaneous goods and services 1.7 -0.2

Source: Statistics Estonia

The turnover of retail trade enterprises was 437.4 mEUR in February

According to Statistics Estonia, in February 2016 compared to February 2015, the turnover of retail trade enterprises increased 5% at constant prices. While in January, the turnover increased 8% compared to the same month of the previous year, then in February the growth decelerated to some extent.

In February 2016, the turnover of retail trade enterprises was 437.4 million euros.

The turnover of stores selling manufactured goods increased 10% compared to February 2015. Turnover increased in all economic activities. Turnover increased the most in stores selling pharmaceutical goods and cosmetics, where sales increased by a fifth compared to the same month of the previous year. A higher than average increase in turnover occurred in stores selling second-hand goods and in non-store retail sale (stalls, markets, direct sale) (15% growth), in stores selling household goods and appliances, hardware and building materials (13% growth) and sale via mail order or the Internet (11% growth).

The turnover in grocery stores increased 7% compared February 2015.

The turnover of enterprises engaging in the retail sales of automotive fuel, which showed a strong growth in January, turned to a fall in February and decreased 8% at constant prices compared to February of the previous year.

Compared to the previous month, in February, the turnover of retail trade enterprises decreased 9% at constant prices. According to the seasonally and working-day adjusted data, the decrease was 3%.Diagram: Turnover volume index of retail trade enterprises and its trend

In 2016, 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 three working days.

Source: Statistics Estonia

Retail sales grew in January

According to Statistics Estonia, in January 2016 compared to January 2015, the turnover of retail trade enterprises increased 8% at constant prices. In December, the turnover increased 7% compared to the same month of the previous year and in January the growth continued at the same rate.

In January 2016, the turnover of retail trade enterprises was 476.4 million euros. The increase in turnover was mostly influenced by enterprises engaging in the retail sales of automotive fuel, where the turnover at constant prices increased by a third compared to January 2015. The fast turnover growth of those enterprises was influenced by the very low reference base of the previous year and by the prices of automotive fuel which were cheaper than last year. The turnover growth of enterprises engaging in the retail sales of automotive fuel gave a half of the total increase of the turnover of retail trade enterprises.

The turnover of stores selling manufactured goods increased 5% compared to January 2015. Turnover increased in most economic activities. Only the turnover in stores selling textiles, clothing and footwear was 4% smaller than in January of the previous year. Turnover increased the most in stores selling pharmaceutical goods and cosmetics (12% growth) and in stores selling household goods and appliances, hardware and building materials (10% growth).

The turnover in grocery stores increased 4% compared January 2015.

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

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

In 2016, 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 four working days.

Source: Statistics Estonia

Retail sales 390 euros per inhabitant in December 2015

According to Statistics Estonia, in December 2015 compared to December 2014, the retail sales of goods of retail trade enterprises increased 10% at constant prices. While in November, the retail sales increased 6% compared to the same month of the previous year, in December the retail sales growth accelerated.

In December 2015, the retail sales of goods of retail trade enterprises were 510.7 million euros, which was about 390 euros per inhabitant.

The retail sales of stores selling manufactured goods accelerated in December. The retail sales of those stores increased 11% in November compared to the corresponding month of the previous year, whereas in December the growth was 18%. Sales increased in all economic activities. Sales increased the most (46%) in other specialised stores, such as stores selling computers and their accessories, books, sports equipment, games and toys etc. A higher than average increase in retail sales occurred also in retail sales via mail order or the Internet (30% growth) and in stores selling second-hand goods and in non-store retail sale (stalls, markets, direct sale) (29% growth). In December, the retail sales in stores selling household goods and appliances, hardware and building materials and the retail sales in stores selling textiles, clothing and footwear which showed a small decline in November, turned to rise again and grew 8% and 5%, respectively, compared to the same month of the previous year.

The growth in grocery stores, which decelerated in November, accelerated again in December and sales increased 3% compared to December 2014.

The retail sales of automotive fuel increased 9% at constant prices compared to December 2014.

In December compared to November 2015, the retail sales in retail trade enterprises increased 24% at constant prices. This is a usual rise in December, when the Christmas and turn-of-the-year sales take place.

In December, the turnover of retail trade enterprises was 584 million euros, out of which the retail sales of goods accounted for 87%. Compared to December 2014, the turnover increased by 7% at constant prices. Compared to the previous month, this indicator increased 20%.

According to preliminary data, the retail sales of retail trade enterprises were approximately 5.2 billion euros in 2015. Compared to 2014 the retail sales increased 8% at constant prices.

Diagram: Retail sales volume index of retail trade enterprises and its trend

The statistics are based on the questionnaire “Turnover”, the deadline of which was 15.01.2016, and on the VAT declaration data from the Estonian Tax and Customs Board. Statistics Estonia published the monthly summary in 9 working days.

As of 2016, Statistics Estonia will start using only the VAT declaration data of the Estonian Tax and Customs Board and stop collecting data 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 (the first news release for 2016, “Retail trade, January 2016”, will be published on 02.03.2016). Statistics Estonia will continue publishing the retail sales indicator of retail trade enterprises on a quarterly and yearly basis.

Source: Statistics Estonia

Iconic Balti Jaam market goes under renovation

The iconic Balti Jaam market, named after Tallinn’s central railway station next door, will move to a new location until spring 2017, when renovation work on the old site should be complete.

The outdoor market will close on January 1 and reopen at the beginning of February at Telliskivi 62, a few hundred meters away from the current location. An outdoor food court is also planned next to the location. As part of the food court project, an old train carriage will be turned into a dining car.

Head of the Balti Jaam market, Andres Rjabov, said the limestone walls will be kept intact but a roof will be built over the currently open-air market. The new market will have three stories and an underground floor.

He said much will remain the same, such as the sale of fruits, vegetables, clothes and antiques, but improvements will also be made, such as the addition of a beer hall and modern street food stalls.

By spring of 2017, a new modern market complex should be complete.

The market is popular among tourists and locals alike, having seen very little renovation work since the Soviet period. Besides vegetables, fruit and other food, one can also buy Soviet-era antiques.

Source: ERR via Estonian Review

 

Follow

Get every new post delivered to your Inbox.