Turnover growth driven by stores selling manufactured goods
According to Statistics Estonia, in September 2020, the turnover of retail trade enterprises was 643 million euros. Compared to September 2019, turnover increased by 6% at constant prices.
Leading analyst at Statistics Estonia Jaanika Tiigiste noted that while in August turnover increased by 4% year on year, in September, turnover grew somewhat faster. “In September, turnover growth was driven mostly by stores selling manufactured goods,” said Tiigiste.
Compared to September 2019, turnover increased by 8% in stores selling manufactured goods. Among these it increased the most, by 17%, in stores selling via mail order or the internet and at the same rate in other specialised stores selling predominantly computers and their accessories, books, sports equipment, games, toys, flowers, plants, etc. In addition, turnover increased by 13% in stores selling second-hand goods and in non-store retail sale (stalls, markets, direct sale), by 9% in pharmacies and stores selling cosmetics and by 5% in stores selling household goods and appliances, hardware and building materials. Turnover decreased by 4% year on year in stores selling textiles, clothing and footwear and by 1% in other non-specialised stores selling predominantly manufactured goods (department stores).
Compared to September 2019, the turnover of grocery stores increased by 3% and the turnover of enterprises engaged in the retail sale of automotive fuel by 4%.
In September, compared to August, the turnover of retail trade enterprises decreased by 3%. According to the seasonally and working-day adjusted data, turnover increased by 1%.
In the first nine months of 2020, the turnover of retail trade enterprises increased by 2% compared to the same period of the previous year.
The statistics are based on the VAT declaration data of the Estonian Tax and Customs Board. Statistics Estonia performs the statistical activity “Financial statistics of trade enterprises (monthly)” for the Ministry of Economic Affairs and Communications with the aim to determine the economic situation in Estonia.
More detailed data have been published in the statistical database.
For further information:
Kaia-Liisa Tabri
Communications Partner
Marketing and Dissemination Department
Statistics Estonia
Tel +372 507 0521