Estonia retail sales growth eases in May

Retail

Image by Pixabay

Estonian retail trade grew by 1.9% year-on-year in May, after a 12.3% jump a month earlier, data from Tallinn-based Statistics Estonia (SE) showed on Thursday.

"In May, the increase in turnover was primarily influenced by enterprises engaged in the retail sale of automotive fuel, where turnover grew by 8% compared to May 2021," Johanna Pihlak, analyst at SE, said.

Sales of manufactured goods went up 3%, led by second-hand goods and turnover in non-store sales.

Also, there was a slightly smaller rise in the turnover of other non-specialized stores selling predominantly manufactured goods.

On a monthly basis, retail sales rose 6.5% in May, reversing from a 5.6% drop in April.

ADVERTISEMENT

PMI Falls to 55 Points Figures

PMI Falls to 55 Points

Gov't Guarantees on Liabilities Climb Over 9% of GDP in 2021 Government

Gov't Guarantees on Liabilities Climb Over 9% of GDP in 2021

OXO Technologies Looks for New HQ Elsewhere in EU Innovation

OXO Technologies Looks for New HQ Elsewhere in EU

Hungary Adopting Performance-based Financing for Arts Art

Hungary Adopting Performance-based Financing for Arts

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.