Statistics: Retail turnover increased by 8% year-on-year to January 2022 | Economy


Johanna Linda Pihlak, an analyst at Statistics Estonia, said: “The growth in turnover of companies engaged in the retail sale of automotive fuel accounted for almost half of the total increase in turnover of companies. retail,” adding that an increase in sales at grocery stores and stores selling manufactured goods also contributed to the overall increase.

Automotive fuel retail revenue grew 29% year-on-year through January 2022, the agency said.

Above-average growth in turnover was also recorded in pharmacies and stores selling cosmetics (18%) and in stores selling household goods and appliances, hardware and building materials (9% ).

Compared to January 2021, the turnover of stores selling manufactured goods increased by 7%.

Turnover increased in all economic activities. The strongest growth (at 21%) was recorded in the turnover of second-hand shops and in non-store retail (stalls, markets, direct sales).

Retail trade index turnover volume Source: Statistics Estonia

Grocery store sales increased 1% from January 2021.

Between December 2021 and January 2022, the turnover of retail businesses fell by 20%, a common phenomenon in the period immediately following the Christmas and end of year sales.

However, according to data adjusted for seasonal variations and working days, turnover in January was the same as the previous month, according to Statistics Estonia.

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