Uudiste arhiiv

 

Swedbank: Wage growth was rapid and broad-based

02.03.2018
Swedbank

The growth of the average gross wage decelerated to 6.5% in 2017. Swedbank expects the average gross wage to grow by 6% and the real net wage by 9% in 2018. The growth of the average gross wage decelerated to…

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Swedbank: Heart-warming growth is a poor excuse to postpone reforms

06.12.2017
Swedbank

Growth at its cyclical peak Productivity is the key to income convergence in the Baltics Sustainable development – where do we stand? Universal basic income – utopia or an urgent necessity? Growth at its cyclical peak The upswing in global…

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Swedbank: Wage growth remained rapid in Q3

30.11.2017
Swedbank

Wage growth remains relatively high as labour demand increases more than supply. Swedbank expects the average gross wage to grow by around 5% and the real net wage by close to 9% in 2018. The growth of the average gross…

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Swedbank: Tight labour market lifts wages

30.08.2017
Swedbank

Wage growth will remain relatively high as labour demand increases more than supply. Nevertheless, the gap between wage and productivity growth rates will narrow this year. The growth of the average gross wage accelerated in the second quarter (+6.8%, over…

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Inflation accelerated in the first half of the year

07.07.2017
Swedbank

Inflation accelerated to around 3% in the first half of the year in Estonia. The contribution of food and non-alcoholic beverages increased substantially in recent months. Food and non-alcoholic beverages amount to a quarter of household expenditure, on average. In…

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Swedbank: Winds of change in the retail market

16.06.2017
Swedbank

Profitability remains a concern Developments across subsectors vary Challenges ahead Sales are on the rise, but profitability remains a concern Retail trade enterprises expect their sales to rise (by 6.1% in 2017, according to a recent Swedbank survey), and they…

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Swedbank: Slower growth of wages reduces macroeconomic risks

29.05.2017
Swedbank

The growth of average monthly gross wages slowed to 5.7% in the first quarter. We expect gross wages to grow by around 6% this year. The growth of the average gross monthly wage decelerated from 7.6% in 2016 to 5.7%,…

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Flash comment: Estonia – Wage growth accelerated in 2016

02.03.2017
Swedbank

Average wages grew in all economic sectors. We expect the growth of average gross wages to slow from 7.6% in 2016 to around 5% in 2017. The growth of average gross wage accelerated to 7.6% in 2016. Net average wages…

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Swedbank flash comment Estonia: Rapid wage growth continues

25.11.2016
Swedbank

• Wage growth remained rapid in the 3rd quarter at 7%, over the year. • We expect average gross wage to slow to around 5% in 2017. In the 3rd quarter of 2016, the average monthly gross wage was 1,119…

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SEB home purchasing power index: it takes about three years for a resident of Tallinn to save for a home loan down payment

03.10.2016
SEB Pank

SEB’s analysis shows that a resident of Tallinn with an average income needs about three years to set aside enough money for the down payment to buy a standard apartment in a dormitory district or new development. In Q2 2016,…

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SEB home purchasing power index: A resident of Tallinn can buy an apartment 10 square metres smaller than a resident of Riga

29.06.2016
SEB Pank

According to the SEB home purchasing power index, in the first quarter of the year a person living in Tallinn and earning an average income was able to purchase 42.4 square metres of new living space in a dormitory district,…

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Acceleration of the economic growth was not broad based

09.06.2016
Swedbank

Statistics Estonia did not revise the GDP growth of 1Q2016 with its second estimate: it remained 1.7% yoy and flat qoq (swda) in real terms. Despite the fall in prices, GDP growth reached to 3% in nominal terms (2.5% in…

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Swedbank: Purchasing power increased by almost 10%

25.05.2016
Swedbank

Wage growth accelerated further in the first quarter. A surge in purchasing power supports consumption but hurts enterprises’ profitability. In the 1st quarter of 2016, the average monthly gross wage was 1,091 euros in Estonia, up by 8.1% over the…

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SEB home purchasing power index: new apartments in Tallinn more accessible than in the other Baltic capitals

26.03.2016
SEB Pank

Analysis by SEB has revealed that 2015 saw the accessibility of new apartments improve in both Riga and Vilnius, yet decrease in Tallinn. Despite the decline, new apartments are more affordable in Estonia than in the capitals of Latvia or…

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Wage growth at around 6% for the second year in a row in 2015

04.03.2016
Swedbank

Average monthly gross wage increased by 6.0%, net wage in real terms by 8.0% in 2015 We expect average gross wage and real net wage to grow by around 5% in 2016 Average monthly gross wage amounted to 1,065 euros…

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