There was a broad-based decline in retail trade turnover in July

Johanna Linda Pihlak, analyst at Statistics Estonia, said that, in July, turnover decreased in grocery stores and stores selling manufactured goods as well as in enterprises engaged in the retail sale of automotive fuel. “Of these three, stores selling manufactured goods reported the biggest decline in turnover at 11%. Turnover was down in all economic activities of stores selling manufactured goods,” added Pihlak.

Among stores selling manufactured goods, turnover decreased the most, by 23%, in stores selling via mail order or the internet. A higher-than-average decline was also recorded in the turnover of other non-specialised stores selling predominantly manufactured goods (department stores) (15%), and stores selling textiles, clothing and footwear (14%).

Compared with July 2022, turnover decreased by 5% in both grocery stores and enterprises engaged in the retail sale of automotive fuel.

In July compared with June, the turnover of retail trade enterprises was unchanged. According to the seasonally and working-day adjusted data, turnover was also at the same level as in the previous month.

In the first seven months of 2023, the turnover of retail trade enterprises decreased by 9% compared with 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 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:

Helen Maria Raadik
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9181
press [at] stat.ee

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