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According to Statistics Estonia, in the third quarter of 2023, the construction price index increased by 0.3% compared with the second quarter and by 3.2% compared with the same time last year.

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

“Compared with the first quarter of 2025, the seasonally and working-day adjusted GDP was up by 0.5%,” stated Robert Müürsepp, team lead of national accounts at Statistics Estonia. According to Müürsepp, it is too early to say how the consumer price index adjustment will affect GDP calculations. “It is highly unlikely that it will have a significant impact,” he said. What is a flash estimate of GDP? Although the official GDP figure will be released on 29 August, the information currently available can be used to assess the overall economic situation. This includes trade indicators, transport

Lauri Veski, the Consumer Price Statistics Service Manager at Statistics Estonia, said that the year-on-year increase in prices has been very small in the last three months – the last time that prices rose so little was in spring 2021. “Although housing and transport costs have increased compared with August last year, the index was driven down by the decrease in the prices of food and non-alcoholic beverages,” explained Veski. Housing costs were influenced by the rise in the prices of refuse collection (53.6%), wood fuel (10%) and electricity (3.7%) compared with August last year. Fuels were

According to Statistics Estonia, in 2018, 65% of the Estonian gross value added was created in Harju county, but the rest of the country is slowly catching up with Harju county.

Ülo Paulus, leading analyst at Statistics Estonia, said that in the first quarter of this year, compared with the same period in 2024, the construction price index was primarily influenced by the 2.9% increase in employees’ wages, which accounted for 54% of the index change. “Compared with the fourth quarter of last year, labour force was 0.6% more expensive and the cost of using building machines rose by 0.3%, while the prices of building materials were down by 0.2%,” explained Paulus. The repair and reconstruction work price index decreased by 0.5% compared with the fourth quarter of 2024

Riin Kadarik, leading analyst at Statistics Estonia, said that the volume of manufacturing production increased for the third month in a row. “This has mainly resulted from increased output in the manufacture of wood and fabricated metal products, which are some of the largest activities in the manufacturing sector,” added Kadarik. Looking at the major industries, output increased by 5.3% in the manufacture of wood, by 7.8% in the manufacture of fabricated metal products, by 3.5% in the manufacture of computers and electronic products and by 7.5% in the manufacture of electrical equipment