Estonia retail sales growth eases in May

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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.

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