- The volume of retail trade turnover fell by another 4%
- Estonia has some financial issues: turnover volume decreased by 6%
The volume of retail trade turnover fell by another 4%
The turnover of retail trade enterprises in Estonia was EUR 889 million in August 2024. Compared with August 2023, the volume of retail trade turnover fell by 4%, the country’s statistical office said Monday.
The turnover volume declined in stores selling manufactured goods and grocery stores, as well as in enterprises engaged in the retail sale of automotive fuel.
Johanna Linda Pihlak, analyst at Statistics Estonia, pointed out that taking into account the data for August, the turnover volume of retail trade enterprises has been falling for 24 months in a row now.
“The drop in retail trade turnover in August was mainly due to stores selling manufactured goods and grocery stores, as the turnover volume of each decreased by 4% year on year,” Pihlak added.
Estonia has some financial issues: turnover volume decreased by 6%
Among stores selling manufactured goods, the biggest decline at 12% was registered in the turnover volume of stores selling household goods and appliances, hardware and building materials. Turnover volume decreased by 6% in stores selling via mail order or the internet, by 5% in other non-specialized stores selling predominantly manufactured goods (department stores), and by 4% in stores selling textiles, clothing, and footwear.
The volume of turnover was up by 3% in other specialized stores selling predominantly computers and their accessories, books, sports equipment, games, toys, etc., and by 2% in stores selling second-hand goods and non-store retail sales (stalls, markets, and direct sales). In pharmacies and stores selling cosmetics, the turnover volume remained at the previous year's level.
The turnover volume of enterprises engaged in the retail sale of automotive fuel fell by 1% compared with August last year.
The retail trade volume was down by 1% in August compared with this year's July. According to the seasonally and working-day adjusted data, turnover remained at the previous month’s level.
The turnover volume of retail trade enterprises decreased by 4% in the first eight months of 2024 compared with the same period of the previous year.
Based on ELTA reports
