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HICP flash estimate: prices up by 0.5% in July

GDP flash estimate: the economy grew by 2.1% in Q2

Estonians’ assessment of the economy has improved, while confidence in the construction and trade sectors somewhat declined

In May, there were 5% more accommodated tourists than the year before

HICP flash estimate: prices down by 0.4% in June

In June, the confidence of industrial enterprises declined, while assessments in other sectors and among consumers improved slightly

Today, on 25 June, Statistics Estonia published the June results of the surveys that measure the economic confidence of enterprises and consumers.

The number of international students decreased last year but their tax contribution increased

According to Statistics Estonia, in the academic year 2024/25, international students studying and working in Estonia contributed 16.6 million euros in taxes. In the same period, international graduates of the academic year 2023/24 contributed 7.5 million euros as labour taxes in Estonia. Throughout the analysed period (2017–2025), international students and graduates have contributed over 317 million euros in taxes in Estonia.

The share of innovative enterprises in Estonia is growing

According to Statistics Estonia, 65% of Estonian enterprises have introduced product or process innovations. The share of innovative enterprises is the highest in financial and insurance activities and in information and communication.

Latest business and consumer survey results published by Statistics Estonia

On 26 May, Statistics Estonia published for the first time the results of the surveys that measure consumers’ and enterprises’ economic confidence. The data are published in the statistical database.

In June, trade increased

According to Statistics Estonia, in June 2018, the exports of goods increased by 17% and imports by 18% compared to June 2017. The growth in trade was affected the most by increased trade in mineral products. In the first half-year, compared to the same period of the previous year, the exports of goods increased by 10% and imports by 8%.

Consumer price index affected the most by housing

According to Statistics Estonia, the change of the consumer price index in July 2018 was 0.1% compared to June 2018 and 3.5% compared to July of the previous year.

In June, the number of tourists in accommodation establishments stayed at last year’s level

According to Statistics Estonia, in June 2018, domestic and foreign tourists who stayed in accommodation establishments numbered 372,700, or as many as in June last year. The number of domestic tourists increased and the number of foreign tourists decreased.

In June, the volume of industrial production was greater than a year ago

According to Statistics Estonia, in June 2018, the production of industrial enterprises increased by 3% compared to June 2017. Production increased in manufacturing, energy as well as in mining.

In June, the turnover of retail trade enterprises decreased

According to Statistics Estonia, in June 2018, compared to June of the previous year, the turnover of retail trade enterprises decreased 1% at constant prices.

Moderate increase in the construction price index continued

According to Statistics Estonia, the change of the construction price index in the 2nd quarter of 2018 was 0.3% compared to the previous quarter and 2.0% compared to the 2nd quarter of 2017.

The industrial producer price index increased in June

According to Statistics Estonia, in June 2018, the producer price index of industrial output changed by 0.7% compared to May and by 2.9% compared to June 2017.

In May, trade increased

According to Statistics Estonia, in May 2018, the exports of goods increased by 7% and imports by 11% compared to May 2017. The growth in trade in May of this year was broad-based, with increased exports and imports in mineral products.

In May, more tourists stayed in accommodation establishments than a year ago

According to Statistics Estonia, in May 2018, domestic and foreign tourists staying in accommodation establishments numbered 304,000, which is 2% more than in May 2017. The number of both domestic and foreign tourists increased.

The monthly change of the consumer price index was affected the most by electricity

According to Statistics Estonia, the change of the consumer price index in June 2018 was 0.9% compared to May 2018 and 4.0% compared to June of the previous year.

In May, the volume of industrial production was slightly greater than a year ago

According to Statistics Estonia, in May 2018, the production of industrial enterprises increased by 3% compared to May 2017. Production increased in manufacturing and in mining, but decreased substantially in energy.

In May, the turnover growth of retail trade enterprises accelerated

According to Statistics Estonia, in May 2018, compared to May of the previous year, the turnover of retail trade enterprises increased 3% at constant prices. While in April, the turnover increased 1% compared to the same month of the previous year, the growth accelerated slightly in May.