Estonia’s retail sector lost momentum in February 2026, with year-over-year sales growth slowing to 4.80%, down from 8.20% in January 2026. The figures, updated on 30 March 2026, highlight a notable deceleration in consumer spending dynamics after a robust start to the year.
Both the current and previous readings are measured against the same month a year earlier, meaning February’s 4.80% reflects growth versus February of the prior year, while January’s 8.20% was compared with January a year earlier. The shift suggests that while retail activity is still expanding on an annual basis, the pace of growth has moderated significantly heading into late winter.
Analysts and market participants will be watching upcoming releases to determine whether February’s weaker reading marks the beginning of a broader slowdown in Estonia’s consumer sector or a temporary pause following January’s stronger performance.