We know Estonia
6.4.2023 | Estonia

The decline in industrial production was wide-ranging in February

Text Mark Taylor
Photo Andrei Chertkov

The decline in industrial production was wide-ranging in February

 

According to data published by Statistics Estonia, in February 2023, the total production of industrial enterprises decreased by 7.4 per cent at constant prices compared with the same month in 2022. Output fell in all three of the main sectors: by 4.0 per cent in electricity production, by 7.7 per cent in manufacturing, and by 8.2 per cent in mining.

The volume of industrial production fell in almost all manufacturing activities in February.

“Of the activities with larger shares, growth was recorded only in the production of shale oil (15.0 per cent) and motor vehicles, trailers and semi-trailers (12.2 per cent). Among the larger industries, there was a slight decrease in the manufacture of food products (2.3 per cent), electrical equipment (2.5 per cent), and wood (1.8 per cent),” explained Helle Bunder, a leading analyst at Statistics Estonia

The percentage of decline for the manufacture of wood products was the lowest in the last six months. In addition, among the larger activities, output fell in the manufacture of electronic products (6.2 per cent) and fabricated metal products (10.4 per cent).

In February 2023, compared with February 2022, the sales of manufacturing production increased by 3.8 per cent at current prices according to working-day adjusted data. While domestic sales grew by 12.8 per cent, export sales fell by 1.4 per cent. In total, 66.3 per cent of the total production of manufacturing was sold to the export market.

According to seasonally adjusted data, production volumes in February 2023 were almost unchanged compared with January. However, in energy production, compared with February 2022, the volume of electricity production (in megawatt-hours) decreased by 4.6 per cent and the production of heat by 3.6 per cent.

 

 

 

To learn more about this and similar topics
Energy Export Industrial Production Industrial Production Estonia Industrial Production February 2023 Manufacturing Production Statistics Estonia

27.4.2025 | Culture

What Estonians Say Can Sometimes Mean the Opposite

What Estonians Say Can Sometimes Mean the Opposite

Every language evolves over time, and Estonian is no different in this sense. What does make Estonian different, however, … Read more

18.4.2025 | Estonia

camera icon6
Exhibition of war booty of Ukrainian fighters at the Estonian War Museum—also offering pastries to support veterans

Exhibition of war booty of Ukrainian fighters at the Estonian War Museum—also offering pastries to support veterans

The Estonian War Museum in Viimsi will hold a charity event on Saturday, 19 April, with proceeds going to … Read more

16.4.2025 | Estonia

Tank up, and then off to Tallinn

Tank up, and then off to Tallinn

DiscoverCars.com ranked Europe’s top destinations for car travellers in the spring. The ranking was based on a number of … Read more

8.4.2025 | Estonia

Flights Resume Between Tartu and the World

Flights Resume Between Tartu and the World

Air traffic between Tartu and Helsinki was reopened in March last year. During this past year, over 37,000 passengers … Read more

5.4.2025 | Estonia

Housing prices in Estonia continued to rise in 2024 

Housing prices in Estonia continued to rise in 2024 

According to Statistics Estonia, the housing price index increased by an average of 6.1% in 2024 compared to the … Read more

25.3.2025 | Estonia

Understanding Estonians when they speak English

Understanding Estonians when they speak English

Like the title of this article, sometimes what you understand is not what’s really being said when you have … Read more

20.3.2025 | Estonia

Tallinn Fashion Week takes off

Tallinn Fashion Week takes off

Estonia’s preeminent fashion event is taking off on the runway today in Tallinn’s Vene kultuurikeskus. Tallinn Fashion Week, which … Read more

19.3.2025 | Estonia

AI surveillance to make Estonia safer

AI surveillance to make Estonia safer

Security cameras powered by artificial intelligence are the Estonian government’s plan to crack down on already low levels of … Read more