Retail sales continue growth pattern

(Statistics Estonia)
12/1/2014 9:15 AM
Category: Economy

Estonian retail sales continued an upward trajectory, as new data from Statistics Estonia indicated that September and October sales increased by 5 percent and 6 percent, respectively, over the same months in 2013.

During the 10 months of 2014 that Statistics Estonia has examined so far (January-October), the retail sales in retail trade enterprises increased 6 percent at constant prices compared to the corresponding period of the previous year.

In October, the retail sales of goods of retail trade enterprises totaled 418 million euros, which is equivalent to 318 euros per inhabitant.

Sales in stores selling manufactured goods increased 8 percent compared to October of last year, sales increased in most economic areas. Only the retail sales in stores selling second-hand goods and non-store retail sale (stalls, markets, direct sale) were smaller than in October of the previous year.

In October, the retail sales in stores selling textiles, clothing and footwear increased the most - 14 percent - compared to October 2013. Growth was also rapid in stores selling pharmaceutical goods and cosmetics (13 percent) and in other specialized stores, such as stores selling computers and their accessories, stationery, books, sports equipment, games and toys, etc. (13 percent).

The retail sales in grocery stores have been rather stable in recent months. In October, the retail sales in grocery stores increased 5 percent compared to October of the previous year.


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