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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.

According to Statistics Estonia's preliminary estimate, gross domestic product (GDP) continued to decline in the fourth quarter of 2023. GDP fell by approximately 3% compared with the fourth quarter of 2022.

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, 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, pointed out that, as in the first half of the year, when the volume of manufacturing declined by 6%, the fall continued at the same rate in August. “Also, as in the previous months, the volume of industrial production was down in two thirds of the manufacturing activities,” Bunder added. Looking at the larger industries, output decreased in the manufacture of wood (14.4%), electrical equipment (4.7%), and building materials (8%). The manufacture of food products and fabricated metal products remained nearly unchanged, with production falling

According to Statistics Estonia, in May 2024, the total production of industrial enterprises fell by 1.2% compared with May last year. Among the three industrial sectors, output increased by 2.1% in electricity production but decreased by 0.7% in mining and by 1.4% in manufacturing.

Statistics Estonia’s survey on information technology in households shows that inhabitants of Estonia are active users of the internet, but businesses need to protect themselves from security threats.

The total number of vacant and occupied posts stood at a little over 609,000. 50,365 persons were hired. 76% of job vacancies were in Harju county.

According to Statistics Estonia, in May 2024, the turnover of retail trade enterprises was 898 million euros. Compared with May 2023, the volume of retail trade turnover fell by 4%.

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.