July 31, 2012

Estonia records modest retail sales growth in June 2012

Estonia’s retail sales moved up 7% in June 2012 at constant prices, compared to the corresponding month of the previous year, according to the data released by Statistics Estonia.

By admin-demo

Estonia’s retail sales moved up 7% in June at constant prices, compared to the corresponding month of the previous year, according to the data released by Statistics Estonia.

The statistics agency said since March 2012, retail sales have grown steadily by 6% to 8% year-on-year and the same continued in June.

In the reporting month, the retail sales of goods of retail trade enterprises were €384.8m.

Year-over-year, sales increased in all economic activities.

Biggest annual growth was recorded in pharmacies and cosmetics stores, wherein sales jumped 17% in June from a year ago.

Retail sales on an annual basis, in stores selling manufactured goods grew 9% in June, and the growth in these stores was continually influenced by the lower reference base of the previous year.

Stores selling predominantly industrial goods saw a solid growth of 16%, while sales via mail order or the internet rose 15% in the month.

During same period, sales of other specialized stores, such as stores selling computers and their accessories, photography supplies, books, sports equipment, games and toys, flowers and plants grew 9%.

Year-on-year, grocery stores sales increased 6% in June, but compared with the two previous months the growth decelerated a little, influenced by the high reference base of June 2011.

Retail sales in June increased 3% at constant prices, when compared to the previous month. Seasonally and working-day adjusted retail sales rose 1% in the month.

During the January-June 2012 period, retail sales were up by 9% at constant prices, compared to the corresponding period of the previous year.

In June, the revenues from sales of retail trade enterprises totaled €484.9m, with the retail sales of goods accounting for about 80%.