Turnover growth of retail trade businesses remained stable in January

A shopper using self-checkout at a Maxima store. Source: (Maxima Eesti)

According to data released by Statistics Estonia on Friday, the turnover of retail trade businesses in January increased 2 percent year over year at constant prices for the second month in a row.

In January 2017, the total turnover of retail trade businesses was €504.3 million.

The turnover of stores selling manufactured goods increased 11 percent year over year in January. Turnover increased in most economic activities, decreasing only in non-specialized stores selling predominantly industrial goods, e.g. department stores. Turnover increased the most in stores selling via mail order or the Internet, with sales increasing 54 percent during the year. A higher-than-average increase in turnover also occurred in stores selling second-hand goods and non-store retail sale, e.g. stalls, markets and direct sale, which experienced 25-percent growth, as well as in stores selling household goods and appliances, hardware and building materials, which experienced 12-percent growth.

Grocery stores, meanwhile, saw a one-percent decrease in turnover year over year.

The turnover of businesses engaging in the retail sails of automotive fuel decreased 15 percent compared to January 2016 figures. The drop in turnover experienced by these businesses was influenced by the very high reference base of January 2016 as well as the acceleration in the price increase of automotive fuel.

Compared to the previous month, the turnover of retail trade enterprises in January decreased by 18 percent, or almost one fifth. This is a typical drop following Christmas and end-of-year sales in December, however. According to seasonally and working-day adjusted data, turnover remained at the same level compared to the previous month.

Editor: Aili Vahtla

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