Search results

According to Statistics Estonia, 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, rose by 2.0% in January 2024 compared with December 2023 and fell by 1.5% compared with January last year.

Helle Bunder, leading analyst at Statistics Estonia, explained that manufacturing output, which had shown growth for eight months, started to decrease slightly in September. “Although output increased in most larger manufacturing industries, there was a notable fall in production volumes in several medium-sized manufacturing activities. A more significant decrease occurred in the manufacture of shale oil (37.9%), machinery and equipment n.e.c. (22.2%) and beverages (21%),” she added. Bunder mentioned price cuts in September as one of the reasons for the decreased output of shale oil. “In the

Helle Bunder, leading analyst at Statistics Estonia, said that production volumes in manufacturing have shown a year-on-year increase each month this year. “There is an upward trend, but the growth has remained slow so far. On a positive note, output in the electronics industry has grown for three months in a row, and in August there was also an increase in the output of the manufacture of wood, which holds the biggest share among economic activities,” noted Bunder. In August, the volume of industrial production was up in two thirds of the manufacturing activities. Looking at the larger

Robert Müürsepp, team lead of national accounts at Statistics Estonia, noted that the economy, which has been falling for ten quarters in a row, is showing signs of improvement, but the biggest changes are still on the negative side. “Among the activities, construction had a strong negative impact on the economy, as did manufacturing. The biggest positive contributor after two years was again information and communication, where value added grew by 7.3%,” Müürsepp stated. Real estate activities and agriculture, forestry and fishing also made larger positive contributions to the economy. The

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 1.0% in May 2024 compared with April and decreased by 1.6% compared with May 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 0.3% in April 2024 compared with March and decreased by 2.9% compared with April 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, fell by 0.4% in March 2024 compared with February and by 3.9% compared with March last year.

According to Statistics Estonia, in the third quarter of 2022, the gross domestic product (GDP) fell by 2.4% year on year. The GDP at current prices was 9.3 billion euros.

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, fell by 2.6% in February 2024 compared with January and by 3.9% compared with February last year.