New data Retail Sales YoY (Sep)

10/31/2024

actual -4.4, previous -3.8

The event is the Retail Sales Year-over-Year (YoY) report for September in Estonia (EE), with the data being released on October 31, 2024, at 06:00. The actual YoY change in retail sales was -4.4%, which is lower than the previous value of -3.8%. This represents a decrease of 0.6 percentage points from the previous period. The market estimate was -3.5%, so the actual figure was lower than expected, resulting in a negative surprise for investors.

Given that the impact of this event is categorized as "Low," it may not have a significant immediate effect on the market. However, a lower-than-expected retail sales figure could indicate weaker consumer spending, which may have implications for the overall economic health of Estonia.

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