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According to the preliminary data of Statistics Estonia, in 2011 the total production of Estonian construction enterprises in Estonia and in foreign countries amounted to 1.7 billion euros, which is 27% more than the year before. Construction volumes, which had started to decline in 2008, took an upturn in 2011.

According to Statistics Estonia, the percentage change of the construction price index was 1.0% in the 3rd quarter of 2011 compared to the 2nd quarter, and 3.0% compared to the 3rd quarter of the previous year.

According to Statistics Estonia, in the 2nd quarter of 2013 compared to the same quarter of the previous year, the total production of Estonian construction enterprises in Estonia and foreign countries grew 0.4%. In Estonia the construction activities increased 4%, but in foreign countries the construction volumes decreased nearly by a third.

According to Statistics Estonia, in the 3rd quarter of 2015, the construction price index increased 0.2% compared to the 2nd quarter of 2015, and 0.6% compared to the 3rd quarter of 2014.

In June, the enterprises’ confidence indicator was the highest in trade (+20.5); it was +3.1 in the services sector and -3.8 in the industry sector. The confidence indicator was the lowest in the construction sector (-12), where insufficient demand was considered the main factor limiting construction activity. The consumer confidence indicator was -29 in June. Month on month, confidence improved among consumers as well as among enterprises in the trade, construction and services sectors. Assessments by industry sector enterprises were somewhat more pessimistic. A more detailed look at the

The business and consumer surveys reflect economic confidence in four business sectors and among consumers. A confidence indicator* is calculated for each sector based on the survey responses. These indicators are used for economic forecasting and international comparisons, among other things. The results of the May survey show that the confidence indicator was the highest in the trade sector (+14). The confidence indicator was -0.1 for the services sector and -0.9 for the industry sector. The construction sector had the lowest confidence indicator (-17.1), with insufficient demand cited as

In August, the confidence indicator was still the highest in trade (+15.7) where enterprises saw an improvement in their sales in the last three months and also expected increased sales in the next three months, along with an improved assessment of the volume of stock. At the same time, there was an increase in the share of enterprises who expected a fall in their number of employees in the next three months (-7 percentage points in July, -18.3 percentage points in August). The confidence indicator was +7.4 for the services sector and +3.6 for the industry sector. The construction sector again

Tea Vassiljeva, leading analyst at Statistics Estonia, said that the decline in unemployment is a sign that the economy is improving. “However, there are no grounds for optimism yet, as there has been no rise in employment and the share of economically inactive people among the working-age population is substantial,” added Vassiljeva. In the second quarter, the number of employed persons was 691,600 – this is 5,700 fewer than a year earlier but 5,300 more than in the first quarter. The employment rate was 68.6%, which is slightly lower than last year and just 0.6 percentage points higher than