Estonia retail sales up 8% y.o.y. in January

Retail

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Estonia's retail sales, excluding motor vehicles and motorcycles trade, increased 8% year-on-year in January, data from the Tallinn-based Statistics Estonia (SE) showed on Wednesday.

"The turnover growth in enterprises engaged in the retail sale of automotive fuel accounted for nearly a half of the total rise in the turnover of retail trade enterprises," Johanna Pihlak, analyst at SE, said.

On a monthly basis, retail sales declined 20% in January, this was mainly due to Christmas and year-end sales.

On a seasonally and working-day adjusted basis, retail sales turnover remained unchanged monthly in January. 

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