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Economy decreased in the 1st quarter
According to the flash estimates of Statistics Estonia, the gross domestic product (GDP) of Estonia decreased 1.9% in the 1st quarter of 2014 compared to the 1st quarter of 2013.
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In March, the number of tourists using the services of accommodation establishments remained at the previous year’s level
According to Statistics Estonia, 194,000 tourists used the services of accommodation establishments in March 2014. The number of foreign tourists remained at the level of the previous year and there were 1% fewer domestic tourists.
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In March foreign trade grew
According to Statistics Estonia, in March 2014, exports of goods increased by 1% and imports by 4% at current prices compared to March of the previous year. Foreign trade had declined for nine consecutive months compared to the same month of the previous year, but in March foreign trade increased.
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In April, the consumer price index was mainly influenced by electricity and heat energy
According to Statistics Estonia, the change of the consumer price index in April 2014 was 0.0% compared to March 2014 and 0.2% compared to April of the previous year.
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The decrease in the population number has slowed down
According to the revised data of Statistics Estonia, 1,315,819 persons lived in Estonia on 1 January 2014. In 2013 the population declined by 4,355 persons (0.3%). Increased immigration has reduced the impact of emigration on population decline. However, the falling number of births means that natural increase has a bigger role in population decline.
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In March industrial production decreased compared to the previous year
According to Statistics Estonia, in March 2014, the production of industrial enterprises fell 3% compared to March of the previous year. The production in energy and mining decreased, while the production in manufacturing increased.
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The growth in retail sales continued in March
According to Statistics Estonia, in March 2014 compared to March of the previous year, the retail sales of goods of retail trade enterprises increased 5% at constant prices.
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The gender pay gap increased slightly in 2013
According to Statistics Estonia, in October 2013, the gross hourly earnings of female employees were 24.8% lower than the gross hourly earnings of male employees, and the gender pay gap grew by 0.2 percentage points compared to the previous year. The gender pay gap was almost non-existent in transportation and storage.
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The construction price index took a downturn in the 1st quarter
According to Statistics Estonia, compared to the previous quarter, the construction price index took a downturn in the 1st quarter of 2014 after three years of growth. The percentage change of the construction price index in the 1st quarter of 2014 was –0.1% compared to the 4th quarter of 2013 and 2.3% compared to the 1st quarter of 2013.
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The decrease in the producer price index of industrial output continued in March
According to Statistics Estonia, in March 2014, the producer price index of industrial output changed by -0.9% compared to February 2014 and by -2.6% compared to March 2013.
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In February, more tourists stayed in accommodation establishments than a year ago
According to Statistics Estonia, 178,000 tourists used the services of accommodation establishments in February 2014, which was 11% more than in February of the previous year.