Consumer Boom Buoys Estonia's Car Industry

BMI's newly-released Estonia Automotive Report examines the performance of the Estonian automotive market, which showed 19% growth in H106. This continued the trend seen in 2005 when registrations grew by 20.6% to 23,511 units. Rising car sales are the result of Estonia's consumer boom, underpinned by real wage growth of about 7.3% and supported by rapid credit expansion and an improvement in labour market

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