Retail sales in Estonia have shown a significant decline in September 2024, deepening concerns about the economic trajectory of the Baltic nation. According to the latest figures updated on October 31, 2024, retail sales fell by 5.00% compared to the previous month. This monthly comparison represents a substantial decrease from August’s figure, where retail sales had dipped by 0.90%.The stark drop in September’s retail sales index poses questions about consumer confidence and economic stability in Estonia. Given that the comparison is month-over-month, the trend highlights a mounting pressure on the retail sector, potentially caused by broader domestic or international economic factors.This downturn in retail performance could have wider implications, affecting not just retail businesses but potentially impacting employment and growth in the broader economy. As policymakers and market watchers digest these figures, the focus now turns to upcoming economic reports for further clues on Estonia’s financial health and potential recovery strategies.The material has been provided by InstaForex Company – www.instaforex.com
- Czech Republic’s Inflation Rebounds to 0.3% in October - November 11, 2024
- Czech Republic’s CPI Edges Up to 2.8% in October 2024 - November 11, 2024
- Lithuania’s Inflation Slows Down: CPI Growth Eases to 0.1% in October - November 11, 2024