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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 October, the monthly change of the consumer price index was influenced the most by a seasonal decrease in the prices of vegetables and fruit

According to Statistics Estonia, the change of the consumer price index in October 2016 was -0.3% compared to September 2016 and 0.6% compared to October of the previous year.

In September, the volume of industrial production increased

According to Statistics Estonia, in September 2016, the production of industrial enterprises increased 7% compared to September of the previous year. Production increased in manufacturing and the energy sector, but decreased in mining and quarrying.

The stable turnover growth of retail trade enterprises continued in September

According to Statistics Estonia, in September 2016 compared to September 2015, the turnover of retail trade enterprises increased 5% at constant prices. Turnover has shown a stable five-percent growth for the second month in succession compared to the same month of the previous year.

Construction price index took an upturn in the 3rd quarter due to the increasing costs of construction materials

According to Statistics Estonia, in the 3rd quarter of 2016, the construction price index increased 0.7% compared to the 2nd quarter of 2016 and fell by 0.7% compared to the 3rd quarter of 2015.

The producer price index of industrial output increased in September

According to Statistics Estonia, in September 2016, the producer price index of industrial output changed by 0.1% compared to August 2016 and by -0.9% compared to September 2015.

In August, the number of tourists in accommodation establishments increased

According to Statistics Estonia, in August, domestic and foreign tourists having stayed in Estonian accommodation establishments numbered 417,000, which was 6% more than in August 2015.

The share of compulsory expenditure in the household budget has decreased

According to Statistics Estonia, in 2015, a household member spent an average of 395 euros per month – 106 euros more than in 2012. At the same time, there has been a decrease in the share of compulsory expenditure in the household budget.

In August, the trade deficit was at the lowest level of this year

According to Statistics Estonia, in August 2016, the exports of goods increased by 12% and imports by 8% compared to August of the previous year. Export growth was faster than import growth and reduced the trade deficit, which was at the lowest level of this year.

In September, the annual change of the consumer price index was influenced the most by alcoholic beverages and tobacco

According to Statistics Estonia, the change of the consumer price index in September 2016 was 0.2% compared to August 2016 and 1.0% compared to September of the previous year.

In August, the turnover growth of retail trade enterprises accelerated to some extent

According to Statistics Estonia, in August 2016 compared to August 2015, the turnover of retail trade enterprises increased 5% at constant prices. While in July, the turnover increased 2% compared to the same month of the previous year, then in August the growth accelerated to some extent.

In August, the volume of industrial production increased

According to Statistics Estonia, in August 2016, the production of industrial enterprises increased 1% compared to August of the previous year. Production increased in the energy sector, but decreased in manufacturing and in mining and quarrying.