Estonia's retail sales and industrial production declined sharply in March, separate reports from the statistical office showed Thursday.

Retail sales in March were down 1% month-on-month taking the annual fall to 13%. The value of retail sales of goods was EEK 4.6 billion.

The statistical office said the decrease in the retail sales of goods was most influenced by the stores selling manufactured goods, where sales decreased 18% year-on-year.

Revenue from retail trade enterprises were EEK 5.5 billion, out of which retail sales of goods accounted for 85%. Compared to March of the previous year, the revenues from sales decreased 16% at current prices.

Separately, the statistical office said working day adjusted industrial production dropped 29.7% year-on-year in March. On an unadjusted basis, the decline was 25.7%. After adjusting for seasonal variations, output was down 2.8% on a monthly basis.

Manufacturing output was down 3% month-on-month in March. It fell 28.6% year-on-year on an unadjusted basis and plummeted 32.7% after adjusting for working days.

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