Retail turnover was €886 million in October, manufactured goods up 3 percent

The turnover of retail trade enterprises in October 2024 reached €886 million, representing a 1 percent year-on-year fall, state agency Statistics Estonia reported.

Despite the overall decline, significant developments emerged with regard to the revenues of stores selling manufactured goods, Statistics Estonia said.

General trends in retail trade

Johanna Linda Pihlak, an analyst at Statistics Estonia, explained that the year-on-year turnover drop was slightly slower than September’s 4 percent fall.

“The fall in turnover volume in October was mainly due to grocery stores, whose turnover dropped by 4 percent compared to the previous year,” noted Pihlak.

In contrast, stores selling manufactured goods saw their turnover volume increase by 3 percent year on year, marking a break from over two years of decline.

Read more: ERR.EE