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.

ADVERTISEMENT

Prices of resale homes in central Budapest fall Residential

Prices of resale homes in central Budapest fall

Vast majority of Hungarians worried about climate change Analysis

Vast majority of Hungarians worried about climate change

Survey data suggests nearly 60% of Hungarians sure to be vac... Issues

Survey data suggests nearly 60% of Hungarians sure to be vac...

Most seasoned travelers plan domestic vacations this year Tourism

Most seasoned travelers plan domestic vacations this year

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.