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Estonia retail gross sales development eases in May

Regional Today

Monday, Jul 4, 2022, 10:05

Estonian retail commerce grew by 1.9% year-on-year in May, after a 12.3% soar a month earlier, information from Tallinn-based Statistics Estonia (SE) confirmed on Thursday.

“In May, the rise in turnover was primarily influenced by enterprises engaged within the retail sale of automotive gasoline, the place turnover grew by 8% in comparison with May 2021,” Johanna Pihlak, analyst at SE, mentioned.

Sales of manufactured items went up 3%, led by second-hand items and turnover in non-store gross sales.

Also, there was a barely smaller rise within the turnover of different non-specialized shops promoting predominantly manufactured items.

On a month-to-month foundation, retail gross sales rose 6.5% in May, reversing from a 5.6% drop in April.

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