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Volume of retail trade turnover down by 4% in September

Date 31.10.2024
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  3. Volume of retail trade turnover down by 4% in September
Johanna Linda Pihlak, analyst at Statistics Estonia, said that the decline in the volume of retail trade turnover in September was mainly due to stores selling manufactured goods, as their turnover volume decreased by 6% year on year. “Among stores selling manufactured goods, the biggest decline at 10% was registered in the turnover volume of other specialised stores selling predominantly computers and their accessories, books, sports equipment, games, toys, etc., and also in the turnover volume of stores selling household goods and appliances, hardware and building materials,” added Pihlak

Growth in foreign trade in services slowed down in the first quarter

Date 11.06.2024
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  3. Growth in foreign trade in services slowed down in the first quarter
According to Statistics Estonia and Eesti Pank, in the first quarter of 2024, Estonia’s exports of services grew by 2%, while imports were unchanged from the same period last year. Sales of services to non-residents totalled €2.8 billion and purchases of services from non-residents amounted to €2.2 billion at current prices. The balance of foreign trade in services was in surplus by €595 million, which is €45 million more than a year earlier.

In September, the prices of juices and syrups increased the most among food products

Date 07.10.2024
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  3. In September, the prices of juices and syrups increased the most among food products
Lauri Veski, team lead of consumer price statistics at Statistics Estonia, said that, compared with September 2023, the consumer price index was affected the most by price changes related to food and non-alcoholic beverages, motor fuel and oils, and miscellaneous goods and services. “Among food products, the biggest increases compared with September last year occurred in the prices of juices and syrups, which rose by 57.1%, and the prices of olive oil, which increased by 56.3%. On the other hand, the prices of sugar decreased by 20.1%,” noted Veski. In September, petrol was 11.9% and diesel

Exports and imports of goods down in May

Date 10.07.2024
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  3. Exports and imports of goods down in May
According to Statistics Estonia, in May 2024, Estonia’s exports of goods decreased by 6% and imports by 13% compared with May 2023. Exports of goods amounted to nearly €1.6 billion and imports to almost €1.7 billion at current prices. The trade deficit was €144 million, which is €170 million less than in May last year.

GDP flash estimate: the economy contracted by 0.7% in Q3

Date 01.11.2024
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  3. GDP flash estimate: the economy contracted by 0.7% in Q3
Robert Müürsepp, team lead of national accounts at Statistics Estonia, said that, compared with the previous quarter, the economy was stable. “Compared with the second quarter of 2024, the seasonally and working-day adjusted GDP was up by 0.1%,” noted Müürsepp. According to Eurostat , the EU economy showed slightly faster growth in the third quarter, as the increase in GDP was 0.9% year on year. Statistics Estonia will publish more detailed GDP data for the third quarter of 2024 on 29 November . See also the GDP flash estimate in the statistical database . Learn more about national accounts

Construction price index unchanged in the third quarter compared with the previous quarter

Date 22.10.2024
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  3. Construction price index unchanged in the third quarter compared with the previous quarter
Ülo Paulus, leading analyst at Statistics Estonia, pointed out that in the third quarter of this year, compared with the same period in 2023, the construction price index was primarily influenced by a 6.4% increase in wages of workers. “On the other hand, the index was also affected by a 1% decrease in the price of building materials. Therefore, it can be said that the falling material prices curbed the rise in the construction price index for the moment,” Paulus explained. “The increase in the cost of using machinery was mainly driven by the rise in the rental costs of small machines, whereas

Tallinn as the statistics capital of Europe for three days: new technologies and evolving user needs mean significant changes in the role of NSIs

Date 28.10.2024
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  3. Tallinn as the statistics capital of Europe for three days: new technologies and evolving user needs mean significant changes in the role of NSIs
The theme of this year’s conference was “Charting New Frontiers of Official Statistics”. The directors of 40 statistical institutes in Europe discussed why and how national statistical institutes (NSIs) could go beyond the traditional function of producing official statistics, by providing additional data services and serving as data stewards in the national data ecosystem. The conference focused on the drivers of such changes in NSIs’ roles. Urmet Lee, Director General of Statistics Estonia, said that the rapid, occasionally chaotic evolution of the data ecosystem means that national

Foreign trade in goods showed signs of picking up in April

Date 10.06.2024
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  3. Foreign trade in goods showed signs of picking up in April
According to Statistics Estonia, in April 2024, exports of goods increased by 3% and imports by 6% compared with April 2023. Exports of goods amounted to more than €1.5 billion and imports to over €1.8 billion at current prices. The trade deficit was €305 million, which is €65 million more than in April last year.

Retail trade volume has fallen for two years in a row

Date 30.09.2024
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  3. Retail trade volume has fallen for two years in a row
The turnover volume declined in stores selling manufactured goods and grocery stores, as well as in enterprises engaged in the retail sale of automotive fuel. Johanna Linda Pihlak, analyst at Statistics Estonia, pointed out that taking into account the data for August, the turnover volume of retail trade enterprises has been falling for 24 months in a row now. “The drop in the volume of retail trade turnover in August was mainly due to stores selling manufactured goods and grocery stores, as the turnover volume of each decreased by 4% year on year,” Pihlak added. Among stores selling

Producer price index of industrial output, export and import price index, September 2024

Date 21.10.2024
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  3. Producer price index of industrial output, export and import price index, September 2024
Eveli Šokman, team lead of producer price statistics at Statistics Estonia, said that, compared with September 2023, the producer price index was most affected by price decreases in electricity and heat energy production and in the manufacture of fuel oils. “Rising prices in the manufacture of wood and wood products, repair of machinery and equipment, and manufacture of electronic equipment had the opposite effect on the index. Producer prices increased by 0.8% in manufacturing as a whole and decreased by 0.8% in the manufacture of food products,” Šokman noted. Compared with August 2024, the

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