Estonian Retail Sales Drop at Slower Pace in June

Image by LaMography

Estonian retail trade declined 8.1% year-on-year in June, following a 9.6% fall in the prior month, data from the Tallinn-based Statistics Estonia (SE) showed on Friday.

This was the tenth straight month of decline but the smallest drop since February.

Sales decreased mainly for manufactured goods (-12%), notably in other specialized stores selling predominantly computers and their accessories, books, sports equipment, games, toys, etc. (-21%) as well as in stores selling via mail order.

On the other hand, sales increased in pharmacies and cosmetics stores (2%). On a monthly basis, retail trade went down 1.6%, reversing a 7.6% growth in May.

Considering the first half of the year, retail activity shrank 9% compared to the same period last year.

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