In July, the peak month for tourism, more tourists than a year ago stayed in accommodation establishments

news release no 106

According to Statistics Estonia, 440,000 tourists stayed in accommodation establishments in July, which is 4% more than in the same month of the previous year. The number of both domestic and foreign tourists increased.

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In July, exports of goods increased

news release no 105

According to Statistics Estonia, in July 2014, exports of goods increased by 6% and imports remained on the same level compared to July of the previous year. It was the biggest increase in exports in the last 14 months compared to same period of the previous year.

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The methodology for calculating the gross domestic product changed

news release no 104

Statistics Estonia revised the national accounts time series from 2000 onwards. Ensuing from all the corrections, the annual gross domestic product (GDP) at current prices changed, on average, by 1% in 2000–2013.

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Economy grew 2.4% in the 2nd quarter

news release no 103

The news release was corrected on 08.09.2014. Please consider the data marked in red in the lead-in of the news release as correct.

According to the second estimates of Statistics Estonia, the gross domestic product (GDP) of Estonia increased 2.4% in the 2nd quarter of 2014 compared to the 2nd quarter of the previous year.

Diagram: Real growth of the GDP, exports and imports of goods compared to the same period of the previous year

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In the 2th quarter, the growth in the number of job vacancies slowed down

news release no 102

According to Statistics Estonia, there were 7,600 job vacancies in the enterprises, institutions and organisations of Estonia in the 2th quarter of 2014. The number of job vacancies increased by 6.3% compared to the previous quarter and by 0.4% compared to the 2nd quarter of 2013.

Diagram: The number of job vacancies and occupied posts

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In August the consumer price index decreased

news release no 101

According to Statistics Estonia, the change of the consumer price index in August 2014 was -0.3% compared to July 2014 and -0.7% compared to August of the previous year.

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In the 2nd quarter, the total profit of the business sector remained on the level of the previous year

news release no 100

According to Statistics Estonia, in the 2nd quarter of 2014, the total profit of the business sector was 836 million euros, remaining the same compared to the 2nd quarter a year ago.

Diagram: Total profit of the business sector, 1st quarter 2010 – 2nd quarter 2014

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In July industrial production increased

news release no 99

According to Statistics Estonia, in July 2014, the production of industrial enterprises rose 2% compared to July of the previous year. The production increased in manufacturing and energy, while in mining the production decreased.

Diagram: The volume index and trend of production in manufacturing

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In July the growth in retail sales accelerated even more

news release no 98

According to Statistics Estonia, in July 2014 compared to July of the previous year, the retail sales of goods of retail trade enterprises increased 10% at constant prices. Retail sales increased 4% in May and 7% in June compared to the corresponding month of the previous year, whereas in July the retail sales growth accelerated even more.

Diagram: Retail sales volume index of retail trade enterprises and its trend

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In the 2nd quarter, average monthly gross wages exceeded 1,000 euros

news release no 97

According to Statistics Estonia, in the 2nd quarter of 2014, the average monthly gross wages and salaries were 1,023 euros and increased 4.8% compared to the 2nd quarter of the previous year.

Diagram: Average monthly gross wages and salaries and monthly labour costs per employee,  2nd quarter 2014

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