The turnover of retail trade enterprises was EUR 778 million in May, up by 18% YoY at constant prices, data from Statistics Estonia showed.
Jaanika Tiigiste, leading analyst at Statistics Estonia, explained that turnover growth of retail trade enterprises in May was mostly influenced by stores selling manufactured goods, where turnover increased by 32%.
“The reopening of shopping centers and stores selling building materials in early May helped to boost the turnover of stores selling manufactured goods,” Tiigiste added.
Compared to May 2020, the turnover of stores selling manufactured goods grew in all economic activities. The biggest increase was recorded in the turnover of stores selling textiles, clothing and footwear (58%).
The increase in turnover in stores selling second-hand goods and in non-store retail sale (stalls, markets, direct sale) was 40%, it was 33% in stores selling household goods and appliances, hardware and building materials, also above average.
Compared to May 2020, turnover increased by 3% in grocery stores and by 14% in enterprises engaged in the retail sale of automotive fuel.
Compared to April, the turnover of retail trade enterprises increased by 17%. According to the seasonally and working-day adjusted data, turnover increased by 6%.
In the first five months of 2021, the turnover of retail trade enterprises increased by 11% YoY. (ERR/Business World Magazine)