Decline in retail trade volume in June was most affected by stores selling manufactured goods

Johanna Linda Pihlak, analyst at Statistics Estonia, said that the drop in the volume of retail trade turnover in June was mainly due to stores selling manufactured goods, as their turnover volume decreased by 9% year on year.

The analyst noted that in the category of manufactured goods, the biggest decline at 17% was registered in the turnover volume of stores selling textiles, clothing and footwear. “A larger-than-average fall of 16% was also recorded in stores selling household goods and appliances, hardware and building materials. In stores selling second-hand goods and in non-store retail sale (stalls, markets, and direct sale), the volume of turnover was down by 11%, and by 10% in other non-specialised stores selling predominantly manufactured goods (e.g. department stores),” Pihlak reported. She added that a 2% rise was seen in the turnover volume of other specialised stores selling predominantly computers and their accessories, books, sports equipment, games, toys, etc.

Compared with June 2023, the volume of turnover decreased by 4% in grocery stores but increased by 2% in enterprises engaged in the retail sale of automotive fuel.

In comparison with May, the volume of retail trade turnover fell by 3% in June. According to the seasonally and working-day adjusted data, turnover volume was down by 1% from the previous month.

In the first half of 2024, the turnover volume of retail trade enterprises decreased by 4% compared with the same period of the previous year.

Turnover volume index is an index that expresses the change in the volume of sales of goods at constant prices compared with the sales in a previous period. Price indices of goods are used in the calculation of the turnover volume index.

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 in order to determine how the Estonian economy is doing.

See also the internal trade section on our website.

More detailed data have been published in the statistical database.

When using Statistics Estonia’s data and graphs, please indicate the source.

For further information:

Heidi Kukk
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9181
press [at] stat.ee (press[at]stat[dot]ee)

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