Retail Sales in Estonia Rise in August
Photo by maxbelchenko / Shutterstock.com
Estonia's retail sales increased in August, influenced by most of the enterprises engaged in sales of automotive fuel, data from Statistics Estonia( SE) showed on Friday.
Retail sales rose 3.0% year-on-year in August, after remaining unchanged in July. Sales of automotive fuel influenced the most by a 15% yearly growth in August.
"The increase in retail sales of automotive fuel was related to the lower reference base of August last year and the slower rise in automotive fuel prices," Johanna Linda Pihlak, analyst at SE, said.
On a monthly basis, retail sales remained unchanged in August, after a 1.0% rise in the prior month.
On a seasonally adjusted basis, retail sales remained stable monthly in August.
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.