<\/p>\n
According to data released by Statistics Estonia, retail trade turnover in the country in June 2024 amounted to 866 million euros, marking a 5 per cent decrease compared to June 2023. This decline is attributed largely to a significant drop in sales at stores specialising in manufactured goods.<\/p>\n
Johanna Linda Pihlak<\/b>, an analyst at Statistics Estonia, explained that the downturn in retail trade volume was most pronounced among stores selling manufactured goods, with their turnover decreasing by 9 per cent year on year. Within this category, stores dealing in textiles, clothing, and footwear saw the steepest drop, with a 17 per cent reduction in turnover. Additionally, stores selling household goods, appliances, hardware, and building materials experienced a notable decrease of 16 per cent in their turnover volume.<\/p>\n
Other segments that saw declines included second-hand goods stores and non-store retail sales, such as stalls and markets, where turnover fell by 11 per cent. Non-specialised stores selling predominantly manufactured goods, like department stores, also saw a 10 per cent drop. Conversely, specialised stores that focus on items such as computers, accessories, books, sports equipment, games, and toys, reported a 2 per cent increase in turnover.<\/p>\n
In the grocery sector, turnover decreased by 4 per cent compared to June 2023, while retail businesses involved in automotive fuel sales saw a 2 per cent increase.<\/p>\n
Month-over-month, retail trade turnover dropped by 3 per cent from May to June. After adjusting for seasonal and working-day variations, turnover was down by 1 per cent from the previous month.<\/p>\n
In the first half of 2024, the turnover volume of retail trade enterprises decreased by 4 per cent compared to the same period last year.<\/p>\n
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