Estonian Retail Sales Drop in January
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Estonian retail trade dropped by 6.9% year-on-year in January, following a 6.5% fall in the previous month, data released by the Tallinn-based Statistics Estonia (SE) on Friday show.
This was marked as the fifth consecutive month of decline in retail activity, dragged down by the continued fall in stores selling manufactured goods (-7%), mainly in stores selling household goods & appliances, hardware & building materials (-12%).
On the other hand, sales increased in stores selling via mail order or internet (3%) and stores selling textiles, clothing & footwear (2%).
On a monthly basis, retail sales declined sharply to 20.6% in January, the largest fall in five years, following a 7.3% growth in the previous month.
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