We know Estonia
7.5.2023 | Estonia

In March, the decline in industrial production accelerated

Text Mark Taylor
Photo Fré Sonneveld / Unsplash

In March, the decline in industrial production accelerated

 

According to data released by Statistics Estonia, in March 2023, the total production of industrial enterprises decreased by 12.6 per cent compared with the same month in 2022. Output fell in all three sectors: by 18.5 per cent in electricity production, by 11.9 per cent in manufacturing, and by 14.9 per cent in mining.

“Production volume grew only in the manufacture of food products (1.0 per cent), shale oil (18.5 per cent), and motor vehicles, trailers and semi-trailers (2.4 per cent). Among the larger industries, there was a decline in the manufacture of wood (23.3 per cent), electrical equipment (3.6 per cent), fabricated metal products (13.9 per cent) and electronic products (5.4 per cent). The steepest decline since the end of 2022 was recorded in the manufacture of paper and paper products where output fell by 47.5 per cent in March,” stated Helle Bunder, a leading analyst at Statistics Estonia.

Compared with March 2022, the sales of manufacturing production decreased by 5.3 per cent at current prices according to working-day adjusted data. Domestic sales fell by 12.2 per cent and export sales by 0.9 per cent. However, 69.3 per cent of the total production of manufacturing was sold to the export market. 

In energy production, compared with March 2022, the volume of electricity production (in megawatt-hours) decreased by 35.4 per cent and the production of heat by 3.7 per cent.

Compared with February 2023, the seasonally adjusted total industrial production fell by 0.9 per cent and the production of manufacturing by 2.0 per cent.

 

To learn more about this and similar topics
Energy Export Food Industrial Production Industry Manufacturing Mining Statistics Estonia

28.5.2023 | Estonia

The average gross salary in Estonia is now 1,741 euros

The average gross salary in Estonia is now 1,741 euros

According to data released by Statistics Estonia, the average gross monthly salary in the first quarter of 2023 was … Read more

24.5.2023 | Estonia

In fish farming, output decreased and prices increased

In fish farming, output decreased and prices increased

According to data released by Statistics Estonia, in 2022, fish farming enterprises sold 801 tonnes of commercial fish and … Read more

24.5.2023 | Estonia

Over 70,000 people attended Museum Night this year

Over 70,000 people attended Museum Night this year

On the evening of May 20, Museum Night, which was organised for the 14th time this year, attracted more … Read more

23.5.2023 | Estonia

Apartment prices down by up to 20% on year

Apartment prices down by up to 20% on year

Apartment prices in Estonia have fallen by around 10-15 per cent on average compared to this time one year … Read more

22.5.2023 | Estonia

Producer Price Index rose by 4.2% in April

Producer Price Index rose by 4.2% in April

The Producer Price Index, which expresses changes in the prices of industrial goods manufactured in Estonia, increased by 4.2 … Read more

21.5.2023 | Estonia

Foreign tourists spent 95 million euros more in Estonia in Q1 2023

Foreign tourists spent 95 million euros more in Estonia in Q1 2023

According to data published by Eesti Pank (the Bank of Estonia), foreign tourists spent 95 million euros more in … Read more

19.5.2023 | Estonia

Bored of staying in hotels and Airbnb’s? – Tallinn offers many choices for those looking to stay somewhere different

Bored of staying in hotels and Airbnb’s? – Tallinn offers many choices for those looking to stay somewhere different

Iglupark The company Iglucraft may be known to you already. Perhaps you have seen pictures or videos of their … Read more

18.5.2023 | Estonia

Museum attendance on the rise

Museum attendance on the rise

According to data released by Statistics Estonia, there were nearly 2.5 million museum visits in Estonia in 2022. Although … Read more