Estonian retail trade fell by 6.5% year-on-year in December of 2022, the fourth straight month of fall in retail sales and the steepest decline in the current sequence, after a 2.3% drop in November. The decrease in retail sales was influenced the most by the stores selling manufactured goods (-11%), mainly in stores selling via mail order or the internet (-27%). The drop in turnover was above average also in stores selling household goods and appliances, hardware and building materials (-16%) and in other specialised stores selling predominantly computers and their accessories, books, sports equipment, games, toys, etc. (-12%). On a monthly basis, retail sales grew 7.3%, the most since March, following rising 3.6% in November. For the full year, the retail trade grew 2% from a year earlier. source: Statistics Estonia
Retail Sales YoY in Estonia averaged 5.25 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 February of 2023.
Retail Sales YoY in Estonia is expected to be -4.30 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 0.80 percent in 2024 and 2.00 percent in 2025, according to our econometric models.