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The decline in retail trade turnover accelerated in November

Article

According to Statistics Estonia, in November 2023, the turnover of retail trade enterprises was 876 million euros. Compared with November 2022, turnover decreased by 9% at constant prices.

The decline in the producer price index of industrial output continued

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

In September, production decreased significantly in the electronics industry

Article

According to Statistics Estonia, in September 2023, the total production of industrial enterprises decreased by 12.5% at constant prices compared with the corresponding month of 2022. Output fell in two sectors: by 37.6% in electricity production and by 10.9% in manufacturing. In mining, output remained almost at the same level, as the decrease was just 0.3% year on year.

National accounts

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National accounts are a kind of an accounting system for the country, showing how the economy is performing. Economic growth is mainly measured by the gross domestic product (GDP) and gross national income (GNI). The higher these indicators, the better Estonia and the people living here are doing. In addition to aggregate indicators, we analyse data by sectors and compile input-output tables to study the interactions between sectors of the economy. National accounts provide information on changes in the gross domestic product (GDP); gross national income; productivity indicators; financial

Economic activity 2024. quarter

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Construction volume down by 5% in the third quarter

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According to Statistics Estonia, in the third quarter of 2023, the total production value of Estonian construction enterprises in Estonia and abroad decreased by 5% at constant prices compared with the third quarter of 2022. Considering only the domestic market, the fall in construction volume was 7%.

In January, slightly fewer tourists stayed in accommodation establishments than a year earlier

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According to Statistics Estonia, accommodation establishments in January served nearly 194,000 tourists, which is 1% fewer than in January last year. The number of domestic tourists decreased, while the number of foreign tourists increased.

The wide-ranging decline in industrial production continued in August

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According to Statistics Estonia, in August 2023, the total production of industrial enterprises decreased by 11.9% at constant prices compared with the corresponding month of 2022. Output fell in all three sectors: by 26.2% in electricity production, by 9.3% in manufacturing and by 41.5% in mining.

Producer price index of industrial output down by 1.5% from last year

Article

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.

Industrial production continued to fall in June

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According to Statistics Estonia, in June 2023, the total production of industrial enterprises decreased by 12.6% at constant prices compared with a year earlier. Output declined in two of the three main sectors: by 29.2% in electricity production and by 12.4% in manufacturing. In mining, output increased by 1.6%.