Estonian retail trade rose 5.3 percent year-on-year in February 2019, easing from a 5.6 percent rise in the prior month. Sales rose for textiles, clothing and footwear (13 percent vs -0.9 percent in January); household goods and appliances, hardware and building materials (9.7 percent vs 1.8 percent); manufactured goods (9.2 percent vs 1.3 percent); computers and accessories, books, sports equipment, games, toys etc. (6.4 percent vs 7 percent); and second-hand goods and in stalls, markets, direct sale (6.1 percent vs 6.4 percent). On a monthly basis, retail trade fell 5.7 percent. Retail Sales YoY in Estonia averaged 5.20 percent from 1999 until 2019, reaching an all time high of 24.70 percent in February of 2007 and a record low of -21.60 percent in February of 2009.
Retail Sales YoY in Estonia is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Estonia to stand at 2.00 in 12 months time. In the long-term, the Estonia Retail Sales YoY is projected to trend around 2.00 percent in 2020, according to our econometric models.