Estonian retail sales returned to marginal growth in May 2026, rising 0.10% month-over-month after a sharp 3.50% decline in April, according to data updated on 30 June 2026. The shift marks a tentative stabilization in consumer activity following a weak start to the second quarter.
The improvement in May suggests that the steep contraction recorded in April 2026 was not the start of a prolonged downturn in retail activity. While the 0.10% gain is modest, it represents a clear turnaround in the month-on-month comparison and may indicate that consumer demand is beginning to find a floor after recent volatility in Estonia’s retail sector.
With the “actual” figure reflecting the change in May compared with April, and the “previous” indicator measuring April’s change against March, the latest data highlight a move from a pronounced monthly drop to a near-flat performance. Market observers will now watch upcoming releases to see if this slight uptick develops into a more sustained recovery in Estonian retail sales.
