Estonia retail sales growth slows in February

Retail

Estonia retail sales, excluding motor vehicles and motorcycles trade, rose 4% year-on-year in February, after a 7% growth in January, data from Statistics Estonia (SE) showed on Tuesday.

"While turnover increased in stores selling manufactured goods and in enterprises engaged in the retail sale of automotive fuel, the turnover of grocery stores declined for the first time in a while and was 1% smaller year-on-year," Jaanika Tiigiste, leading analyst at SE, said. Stores selling via mail order or internet grew the most by 44% in February.

Meanwhile, turnover in stores selling clothing and footwear and second-hand goods declined by 16% and 4%, respectively. On a monthly basis, retail sales decreased 5% in February. On a seasonally adjusted basis, retail sales remained unchanged in February.

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