Estonian retail trade grew 12.3% year-on-year in April 2022, slowing from an upwardly revised 18.3% jump in the previous month. The sales growth mainly boosted by an increase in sales of manufactured goods (26%). “The main reason for the significant growth in the turnover of these stores was the fact that, last year, shopping centres were closed for the entire month of April due to the emergency situation,” said Johanna Linda Pihlak, analyst at Statistics Estonia. Sales also rose in stores selling second-hand goods and in non-store retail sale (33%), household goods and appliances, hardware and building materials (23%), other specialised stores selling predominantly computers and their accessories, books, sports equipment, games, toys, etc. (15%), and pharmacies and stores selling cosmetics (13%). On a monthly basis, retail trade fell by 5.6 percent, reversing sharply from an upwardly revised 25.3 percent surge in March, which was the highest on record. source: Statistics Estonia
Retail Sales YoY in Estonia averaged 5.43 percent from 1999 until 2022, 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. This page provides - Estonia Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news. Estonia Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Retail Sales YoY in Estonia is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Estonia Retail Sales YoY is projected to trend around 4.00 percent in 2023, according to our econometric models.