Uudiste arhiiv

 

Swedbank: Economic situation has deteriorated

Swedbank

In Estonia, GDP fell more than expected in the third quarter. GDP declined by 1.8% over the previous quarter and 2.3% over the year. In nominal terms, GDP increased notably, by 13.9% in a year, marking very high price increases.

Swedbank: Wage growth to remain rapid

Swedbank

The average gross wage growth reached 8.1% in the third quarter, over the year. The average wage rose by more than ten percent in public administration, manufacturing, and agriculture. Wage growth was modest in sectors that saw a larger jump

EfTEN: EfTEN Real Estate Fund III AS unaudited results for 3rd quarter and 9 months 2022

EfTEN Real Estate Fund III

Comments from Fund Manager Viljar Arakas The three quarters of this year has been financially the best period in the fund’s history. Rental income increased by 13%. Both, acquisition of new objects but equally importantly increasing rental income from existing

Swedbank: Surging prices

Swedbank

Annual inflation decelerated slightly in September as electricity prices declined. In September, prices rose by 23.7%, over the year, and 0.3%, over the month. Around half of the annual change in prices came directly from higher energy prices, especially electricity

Swedbank: Baltic consumer spending observer: Feasting now, fasting later?

Swedbank

Card spending shows that people are slow in adjusting their spending habits despite collapsing purchasing power Card turnover, adjusted for inflation, has started limping in recent months People keep spending considerably more than last year or before the pandemic and

Swedbank: Estonia: GDP growth outlook deteriorated faster than expected in Q2

Swedbank

GDP expanded only 0.6% y/y (non-adjusted), but contracted 1.3% q/q (swda) in Q2, in real terms GDP nominal growth was still strong at 17.8% y/y. The largest positive contribution to the GDP growth came from ICT sector and professional services,

Swedbank: Hot prices chill the economic outlook

Swedbank

Inflation has so far proven to be both higher and more persistent than previously expected, and central banks were late in taking away the punch bowl. Households around the globe are holding back on consumption as the cost-of-living shock hits

Swedbank: Labour market still strong in the second quarter

Swedbank

In the second quarter, the situation in the labor market was still good in Estonia. Employment was high and unemployment low. According to Statistics Estonia, in the second quarter, the unemployment rate was 5.8% and the number of the employed

Swedbank: Rapid inflation weighs on consumption in Estonia

Swedbank

In June, consumer prices rose by 21.9% year-on-year and by 2.7% month-on-month. The price increase accelerated again in annual and monthly terms. Energy accounted for around 60% of the total increase in prices. The price of electricity has doubled, and

Swedbank: Inflation remains rapid

Swedbank

Consumer prices increased by 20.0%, over the year, and 1.9%, over the month, in Estonia. Prices were lifted by more expensive energy and food. Energy accounted for two-thirds of the increase in the cost of the average consumption basket. Electricity

Swedbank: Consumer spending strong despite rising inflation and war uncertainty

Swedbank

Retreating pandemic risks and looser virus curbs have made shopping and services consumption more accessible and more enjoyable in the Baltics. According to the Google mobility data, the flow of people in retail stores and recreation places was notably larger

Swedbank: Inflation close to 20% in Estonia

Swedbank

Consumer prices rose more than expected in April. Prices grew by 18.8% year-on-year and 3.6% month-on-month. Inflation accelerated due to the end of government’s energy subsidies on electricity, gas, and central heating in March. Ukrainian refugees lifted rental prices, which

Swedbank: Inflation reached new highs in Estonia in March

Swedbank

Prices rose by 15.2% year-on-year and 2.7% month-on-month in March. Prices were lifted by more expensive energy and food. Inflation was previously as rapid in the 1990s, during the first years of Estonia’s re-independence. Food prices rose by 13.8%, in

Swedbank: Rapid price growth to continue in Estonia

Swedbank

In February consumer prices rose by 12.0%, year-on-year, and 1.5%, month-on-month. Prices were lifted mainly by energy and food, although the increase in consumer prices is becoming more widespread, as rising production costs and supply disruptions are affecting a large

Swedbank: Inflation super rapid in December in Estonia

Swedbank

Prices increased by 12.2%, over the year, in December. Inflation reached 12% last time in the 1990s. More than half of the price increase came from higher energy prices, mainly electricity. The rise in consumer prices is expected to accelerate

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