Uudiste arhiiv

 

Swedbank: Inflation to decelerate in 2023

08.02.2023
Swedbank

In January, annual inflation accelerated somewhat due to less generous energy support package from the government compared to one year ago and because of a larger share of the housing component in the consumer basket this year after the yearly…

Loe veel ›

Swedbank: Inflation to decelerate in 2023

09.01.2023
Swedbank

In December, inflation was still rapid, but on a downward trend, in Estonia. Inflation decelerated to 17.6%, over the year, and declined by 0.1%, over the month. Price growth is slowing due to a decline in energy prices brought by…

Loe veel ›

Swedbank: Inflation in the Baltics – unexpected, excessive, but temporary

01.12.2022
Swedbank

Inflation in the Baltics has been two times faster than the EU average. There are many supply- and demand-side factors at play. Pandemic-related supply-side bottlenecks were exacerbated by the war in Ukraine, which cut trade ties with Russia that were…

Loe veel ›

Swedbank: Surging prices

10.10.2022
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…

Loe veel ›

Swedbank: Baltic HAI – The likely end of boom years

21.09.2022
Swedbank

The housing affordability index (HAI) slipped as abnormal price growth gained momentum. Falling affordability and purchasing power, as well as bleak expectations, are likely to curb demand and stifle price growth. The record-high housing affordability that we have seen over…

Loe veel ›

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

05.09.2022
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…

Loe veel ›

Swedbank: Prices grew two times faster than wages

25.08.2022

Although average wage growth accelerated to 10.1% in the second quarter, it comforts consumers little when inflation was 20.2%. The average wage rose rapidly in all economic sectors. Wages grew the most in accommodation and catering (+18.6%, over the year),…

Loe veel ›

Swedbank: Labour market still strong in the second quarter

16.08.2022
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…

Loe veel ›

Swedbank: ECB update – Shock and awe!

21.07.2022
Swedbank

All main rates hiked by 50bps, more than markets expected Transmission protection instrument (TPI) introduced  The Governing Council raised all three key ECB interest rates by 50bps – more than markets and most economists have expected. As we expected, new…

Loe veel ›

Swedbank: Rapid inflation weighs on consumption in Estonia

07.07.2022
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…

Loe veel ›

Swedbank: Baltic HAI – affordability still high, but outlook is getting bleaker

15.06.2022
Swedbank

Over the quarter, housing affordability deteriorated in all three Baltic capitals. Compared with the same period last year, the housing affordability index (HAI) increased in Vilnius but declined in Riga and Tallinn, with the Estonian capital registering a more pronounced…

Loe veel ›

Swedbank: Consumer spending strong despite rising inflation and war uncertainty

18.05.2022
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…

Loe veel ›

Merko Ehitus: 2022 3 months consolidated unaudited interim report

05.05.2022
Merko Ehitus

COMMENTARY FROM MANAGEMENT Merko Ehitus sales revenue in the first quarter was EUR 68.4 million and net profit EUR 3.0 million. The sales revenue for the 3 months of 2022 increased by 14% compared to the same period of previous…

Loe veel ›

Merko Ehitus: Audited annual report 2021

07.04.2022
Merko Ehitus

AS Merko Ehitus consolidated audited financial results for 2021 remain unchanged compared to the preliminary disclosure on 10 February 2022. STATEMENT OF THE CHAIRMAN OF THE MANAGEMENT BOARD 2021 was a successful year for Merko. We fulfilled the group’s financial…

Loe veel ›

Swedbank: Prices will grow faster than wages this year

04.03.2022
Swedbank

Wage growth was rapid in the fourth quarter of last year (+7.3%, over the year), but uneven, and lagged price rises. Swedbank estimates that the average net wage will increase by 6% this year, but consumer prices will increase even…

Loe veel ›

1 2 3 4 5