In a notable turnaround, Estonian retail sales soared by 3.80% in July 2024, following a steep decline of -3.00% in June 2024. The data, updated on August 29, 2024, highlights a promising resurgence for the retail sector in a month-over-month comparison, leaving behind the earlier downturn.June’s disappointing performance reflected a broader economic uncertainty, but July’s robust recovery exceeded expectations, suggesting a revitalization in consumer confidence and spending. The considerable positive shift from -3.00% in June to 3.80% in July underscores the dynamic nature of the Estonian market and hints at potential favorable trends for the upcoming months.Analysts are closely monitoring these developments to gauge the sustainability of this growth and to better understand the underlying factors driving this substantial rebound. The new data is a beacon of optimism for the retail industry, which now looks forward to consolidating this momentum.The material has been provided by InstaForex Company – www.instaforex.com
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