Study: Estonian Adults Among the Best in the World in Skills, Especially in Younger Generations
Retail trade volume down by 1% year on year
According to Statistics Estonia, in November 2024, the turnover of retail trade enterprises was €884 million. Compared with November 2023, the volume of retail trade turnover decreased by 1%.
In November, the volume of industrial production was unchanged year on year
According to Statistics Estonia, in November 2024, the total production of industrial enterprises at constant prices was almost the same as in November 2023, falling by 0.1%. Among the three industrial sectors, output increased by 1.5% in manufacturing but decreased by 2.3% in mining and by 15.3% in electricity production.
Exports of goods boosted by domestic products in November
According to Statistics Estonia, in November 2024, Estonia’s exports of goods grew by 3% from a year earlier, whereas imports remained at the same level. Exports of goods amounted to nearly €1.6 billion and imports to €1.7 billion at current prices. The trade deficit was €166 million, which is €53 million less than in November of the previous year.
Retail trade volume down by 3% last year
According to the preliminary data of Statistics Estonia, the total turnover of retail trade enterprises in 2024 was €10.4 billion. Compared with 2023, the volume of retail trade turnover decreased by 3%.
Volume of industrial production decreased by 4% in 2024
According to Statistics Estonia, in 2024, the total production of industrial enterprises decreased by 4% at constant prices compared with the year before. Among the three industrial sectors, output decreased by 4.4% in manufacturing, remained the same in electricity production and increased by 2.9% in mining.
Higher prices of wood products had the biggest impact on the producer price index in December
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 0.4% in December 2024 compared with November and by 1.1% compared with December 2023.
In manufacturing, prices have risen for several months in a row
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, fell by 0.4% in November 2024 compared with October and by 0.1% compared with November last year.
Manufacturing output up by 0.8% in October
According to Statistics Estonia, in October 2024, the total production of industrial enterprises at constant prices was the same as in October last year. Among the three industrial sectors, output increased by 0.8% in manufacturing but decreased by 2.8% in mining and by 7.4% in electricity production.
Output in mining up by 10.4%, industrial production down as a whole
According to Statistics Estonia, in September 2024, the total production of industrial enterprises decreased by 1.5% at constant prices compared with September last year. Among the three main sectors, output increased by 10.4% in mining and by 0.9% in electricity production but decreased by 2.1% in manufacturing.
Industrial production in August declined significantly in the manufacture of wood
According to Statistics Estonia, in August 2024, the total production of industrial enterprises decreased by 6% at constant prices compared with August 2023. Among the three industrial sectors, output increased by 1.9% in mining but decreased by 5.6% in electricity production and by 6.4% in manufacturing.