Retail trade turnover grows 6 percent in March
As Statistics Estonia reports, the turnover of retail trade enterprises increased by 6 percent at constant prices in March, compared to the same period last year.
In March 2017 the turnover of retail trade enterprises reached €545.7 million.
The turnover growth of stores selling manufactured goods accelerated. While in February the reported growth amounted to 3 percent year on year, in March it reached 11 percent. Turnover increased in five and decreased in two economic activities, with the biggest increase occurring in stores selling via mail order or the Internet. There, sales increased by 33 percent year on year.
Turnover also increased for stores selling household goods and appliances, hardware and building materials (by 16 percent), second-hand goods and in non-store retail sale (stalls, markets, direct sale, by 15 percent), in non-specialised stores selling predominantly manufactured goods (e.g. department stores, by 12 percent) and in other specialised stores, such as stores selling computers and related accessories, books, sports equipment, games and toys, etc. (by 12 percent).
Turnover of stores selling pharmaceutical goods and cosmetics as well as those selling textiles, clothing, and footwear decreased year on year in March.
The turnover of grocery stores, which had previously shown a slight decrease in the past months, grew again in March and increased by 2 percent compared to the same period in the previous year.
Companies selling automotive fuel increased their turnover by 4 percent compared to March 2016.
Turnover of retail trade enterprises increased by 16 percent compared to February. According to seasonally and working-day adjusted data, the growth reached 2 percent. In the first three months of 2017, the turnover of retail trade enterprises increased by 3 percent compared to the first quarter of 2016.
Editor: Dario Cavegn