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News
Producer price index of industrial output down by 0.5% from last year
The producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, increased by 0.7% in June 2024 compared with May and decreased by 0.5% compared with June last year.
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Young workers are turning away from the information and communication sector
Statistics Estonia's short-term labour market statistics show that over the past year and a half, there have been fewer young people aged 20–29 working in both the broader information and communication sector and the more specific field of computer programming. While in previous years the field of computer programming was growing mainly because of young people, in the past year their numbers have fallen.
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Exports and imports of goods down in May
According to Statistics Estonia, in May 2024, Estonia’s exports of goods decreased by 6% and imports by 13% compared with May 2023. Exports of goods amounted to nearly €1.6 billion and imports to almost €1.7 billion at current prices. The trade deficit was €144 million, which is €170 million less than in May last year.
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Sown area of potatoes smaller than ever before
According to preliminary data of Statistics Estonia and the Agricultural Registers and Information Board (ARIB), the utilised agricultural area this year is 983,400 hectares, which is 4,400 hectares less than in 2023. There has been a slight decrease in arable land, as well as in the area of fruit and berry plantations. The sown area of potatoes, which has been in decline for a long time, continues the trend and is 8% smaller in 2024 than the year before.
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In May, the number of tourists accommodated increased year on year
According to Statistics Estonia, accommodation establishments served over 293,000 tourists in May 2024, which is 11% more than in May last year. There were more domestic as well as foreign tourists accommodated.
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In June, the rise in the consumer price index was the smallest of recent years
According to Statistics Estonia, in June, the consumer price index increased by 0.4% compared with May and by 2.5% compared with June 2023. Goods were 1.7% and services 3.8% more expensive than in June last year.