Turnover of retail trade enterprises grew in June

Gas prices on July 7.
Gas prices on July 7. Source: Siim Lõvi /ERR

In June 2020, the turnover of retail trade enterprises was €671 million, data from Statistics Estonia shows. Compared to June 2019, turnover increased by 7 percent at constant prices.

Jaanika Tiigiste, the leading analyst at Statistics Estonia, said the turnover of stores selling manufactured goods, which fell in April and May, turned around in June, increasing by 12 percent year on year.

"Turnover increased in most economic activities, except for stores selling second-hand goods and in non-store retail sale (stalls, markets, direct sale), where turnover was lower compared to June last year," said Tiigiste.

Turnover increased the most - by slightly more than a third - in stores selling via mail order or the internet.

Turnover increased more than average, by 29 percent, also in other specialised stores such as those selling computers and their accessories, books, sports equipment, games, toys, flowers and plants.

While in recent months the turnover had been in decline, in June, it increased year on year in pharmacies and cosmetics stores by 7 percent; in stores selling textiles, clothing and footwear by 4 percent and in other non-specialised stores selling predominantly manufactured goods (department stores) by 2 percent. Turnover growth continued also in stores selling household goods and appliances, hardware and building materials.

The turnover of enterprises engaged in the retail sale of automotive fuel, which was in decline since the beginning of the year, also resumed growth, increasing by 1 percent compared to June 2019. The turnover of grocery stores increased by 5 percent year on year.

In June, compared to May, the turnover of retail trade enterprises increased by 7 percent. According to the seasonally and working-day adjusted data, the increase was 5 percent.

In the first half of 2020, the turnover of retail trade enterprises increased by 1 percent compared to the same period of the previous year.

Turnover volume of index of retail trade enterprises and its trend, January 2010 - June 2020. Source: Statistics Estonia


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Editor: Helen Wright

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