We know Estonia
24.1.2024 | Estonia

Industrial output in Estonia continues to fall

Text Mark Taylor
Photo Andrei Chertkov

Industrial output in Estonia continues to fall

 

The Producer Price Index, which expresses changes in the prices of industrial goods manufactured in Estonia for the domestic market and for export, fell by 0.8 per cent in December 2023 compared with November and by 4.4 per cent compared with December 2022.

“Compared with December 2022, the Producer Price Index was most affected by price decreases in electricity and heat energy production as well as in the manufacture of wood and wood products, paper products, and food products. Rising prices in the manufacture of electronic products and electrical equipment had the opposite effect on the index,” said Eveli Šokman, a leading analyst at Statistics Estonia.

Compared with November 2023, the index was primarily affected by price decreases in electricity production, as well as in the manufacture of fuel oils and wood products. The index was also influenced by price increases in the manufacture of electronic products.

In December, the Export Price Index fell by 0.4 per cent compared with November. The biggest price decreases were recorded for electricity, petroleum products, and motor vehicles and trailers. Compared with December 2022, the Export Price Index fell by 3.7 per cent.

The Import Price Index declined by 1.0 per cent in December compared with November. Prices fell the most in electricity production, in mining and quarrying, and for petroleum products. Compared with December 2022, the Import Price Index declined by 3.3 per cent.

 

 

 

To learn more about this and similar topics
Export Price Index Exports Import Price Index Imports Industrial Output Industry Manufacturing Producer Price Index

14.4.2024 | Estonia

Foreign tourists continue to find their way back to Tallinn

Foreign tourists continue to find their way back to Tallinn

According to data released by Statistics Estonia, nearly 225,000 tourists stayed in accommodation establishments in the country in February … Read more

9.4.2024 | Estonia

Inflation in Estonia reduces to less than 4% in March

Inflation in Estonia reduces to less than 4% in March

According to data released by Statistics Estonia, in March, the Consumer Price Index (which is the key indicator of … Read more

9.4.2024 | Estonia

Food Film Festival starts tomorrow

Food Film Festival starts tomorrow

The annual Food Film Festival begins tomorrow. A total of 7 different documentary films will be shown throughout the … Read more

3.4.2024 | Estonia

The economic downturn is hitting shops hard

The economic downturn is hitting shops hard

According to data released by Statistics Estonia, in February 2024, the turnover of retail trade companies in the country … Read more

29.3.2024 | Estonia

A night of MMA action in Tartu

A night of MMA action in Tartu

Tomorrow evening, March 30, Tartu’s A. Le Coq Sports Hall will host MMA RAJU 15 – RELOADED, a thrilling … Read more

28.3.2024 | Estonia

What you can do in Tallinn this Easter

What you can do in Tallinn this Easter

When you travel to Estonia during Easter you should note that Good Friday, March 29, and Easter Sunday, March … Read more

26.3.2024 | Estonia

Major roadworks in central Tallinn have recommenced

Major roadworks in central Tallinn have recommenced

After a break for winter, construction on the new tram line to Tallinn’s harbour has begun again. Like last … Read more

24.3.2024 | Estonia

Fewer people commuting by public transport or foot in Estonia

Fewer people commuting by public transport or foot in Estonia

Fewer and fewer people are commuting on foot or by public transport in Estonia. Increasingly, people are preferring to … Read more