The turnover of retail trade enterprises in January came to EUR 730 million, state agency Statistics Estonia reported, a rise of 8% YoY, at constant prices.
Johanna Linda Pihlak, Statistics Estonia analyst, said: “The turnover growth in enterprises engaged in the retail sale of automotive fuel accounted for nearly a half of the total rise in the turnover of retail trade enterprises,” adding that a rise in turnover in grocery stores and stores selling manufactured goods also contributed to the overall increase.
Retail turnover for automotive fuel grew by 29% YoY.
A higher-than-average growth in turnover was also recorded in pharmacies and stores selling cosmetics (18%) and in stores selling household goods and appliances, hardware and building materials (9%).
Compared with January 2021, the turnover of stores selling manufactured goods rose by 7%.
Turnover grew in all economic activities. The highest growth (at 21%) was recorded in the turnover of stores selling second-hand goods and in non-store retail sale (stalls, markets, direct sale).
The turnover of grocery stores rose by 1% compared with the figure for January 2021.
Between December 2021 and January 2022, the turnover of retail trade enterprises fell by 20%, a common occurrence in the period immediately following Christmas and year-end sales.
However, according to the seasonally and working-day adjusted data, the turnover in January was the same as in the previous month, Statistics Estonia said. (ERR/Business World Magazine)
