The industrial producer price index did not change in March compared to February

news release no 43

According to Statistics Estonia, in March 2017, the producer price index of industrial output changed by 0.0% compared to February and by 3.1% compared to March 2016.

In March, compared to the previous month, the producer price index was affected more than average by an increase in prices in the manufacture of electronic equipment and metal products, but also by a decrease in prices in electricity, gas, steam and air conditioning supply and in the manufacture of chemicals and fuel oils.

Compared to March 2016, the index was affected more than average by an increase in prices in the manufacture of fuel oils, food products, electronic equipment and wood products, but also by a decrease in prices in mining and quarrying and in the manufacture of parts and accessories for motor vehicles.

Change in producer price index of industrial output by economic activity, March 2017
Economic activity according to EMTAK 2008 March 2017 – February 2017, % March 2017 – March 2016, %
TOTAL 0.0 3.1
Manufacturing 0.4 3.5
Mining and quarrying -0.1 -6.5
Electricity, gas, steam and air conditioning supply -6.7 1.5
Water supply; sewerage, waste management and remediation activities 0.0 0.0

In March 2017, the export price index changed by -0.2% compared to February and by 6.7% compared to March 2016.

In March, compared to the previous month, the prices of electricity, beverages and oil products decreased more than average, while the prices of electronic equipment and rubber and plastic products increased more than average.

In March 2017, the import price index changed by -0.6% compared to February and by 6.3% compared to March 2016.

In March, compared to the previous month, the prices of electricity, agricultural products, building materials and oil products decreased more than average, while the prices of leather products, footwear and pharmaceutical products increased more than average.

The statistics are based on the questionnaires “Producer price”, ”Export price” and “Import price”, the deadline of which was 6 April 2017. Statistics Estonia published the monthly summary in eight working days. For the statistical activities “Producer price index of industrial output”, “Export price index” and “Import price index”, the main representative of public interest is the Ministry of Economic Affairs and Communications, commissioned by whom Statistics Estonia collects and analyses the data necessary for conducting the statistical activities.

For further information:

Eveli Šokman
Leading Statistician-Methodologist
Economic and Environmental Statistics Department
Statistics Estonia
Tel. +372 625 9241

More detailed data have been published in the Statistical Database.