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Retail trade turnover growth increases two percent in October

The turnover of retail trade businesses in October increased two percent on year at constant prices, according to information released by Statistics Estonia on Friday.

Last month, the turnover of retail trade businesses totaled €572.1 million.

The turnover of stores selling manufactured goods increased eight percent compared to October 2016. Turnover increased in most economic activities, except in non-specialized stores selling predominantly manufactured goods (e.g. department stores) where it stayed at the same level as last October. Turnover increased the most in stores selling via mail order or the internet, with sales increasing 41 percent on year. A higher than average increase in turnover likewise occurred in stores selling textiles, clothing and footwear (12 percent) and in stores selling household goods and appliances, hardware, and building materials (12 percent).

The turnover of grocery stores, meanwhile, decreased four percent compared to October 2016, with the fall in turnover of these stores being affected by the continuing increase in food prices.

The turnover of businesses engaged in the retail sale of automotive fuel, which showed a decline in recent months, resumed growth again in October, increasing 1 percent compared to October of the previous year. The turnover growth in these enterprises was influenced by the low reference base of October 2016 and deceleration in the price increase of automotive fuel.

Compared to the previous month, the turnover of retail trade enterprises increased four percent in October. According to the seasonally and working-day adjusted data, however, turnover remained at the same level as in the previous month. From January to October 2017, the turnover of retail trade enterprises increased two percent compared to the corresponding period of the previous year.

Editor: Aili Vahtla

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