Statistics: Retail turnover shows small rise in July ({{commentsTotal}})

Retail turnover index over past decade.
Retail turnover index over past decade. Source: Statistics Estonia

The turnover of retail trade enterprises increased by 2% year-on-year (y-o-y) in July 2018, according to Statistics Estonia.

The increase in July 2018, at constant prices, led to a retail trade enterprises turnover of €624.1 million, it is reported. If seasonally and working-day adjusted data is taken into account however, the increase stood at 1%.

The breakdown is as follows:

Sector% Y-o-Y change
Pharmacies/stores selling cosmetics13%
Online stores and mail order11%
Hardware and building materials8%
Department stores selling predominantly manufactured goods7%
Other stores selling manufactured goods5%
Stores selling textiles, clothing and footwear3%
Enterprises engaged in retail sales of automotive fuel-3%

Statistics based on the VAT declaration data of the Estonian Tax and Customs Board (EMTA). Statistics Estonia publishes the monthly summary within four working days of receiving the data.

The turnover of stores selling second-hand goods and as non-store retail sale (ie. stalls, markets, direct sale) remained at the same level y-o-y, as did turnover of grocery stores.

The turnover of other specialised stores, such as stores selling predominantly computers and their accessories, books, sports equipment, games, toys, etc. decreased y-o-y.

Change over other timescales

The month-on-month change was similar, a rise of 3%, though retail sales turnover for the first seven months of 2018 ie. January-July, remained the same compared with the previous period in 2017.

Compared to the previous month, in July, the turnover of retail trade enterprises increased 3%. According to the seasonally and working-day adjusted data, the increase was 1%. In the seven months of 2018 (January–July), the turnover of retail trade enterprises stayed at the same level compared to the corresponding period of the previous year.

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Statistics Estonia is a government agency under the auspices of the Ministry of Finance, and provides public institutions, business and research circles, international organisations and individuals with reliable and objective information on the economic, demographic, social and environmental situation and trends in Estonia.

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Editor: Andrew Whyte

Source: Statistics Estonia



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