Decline in industrial production accelerated in April
According to Statistics Estonia, in April 2023, the total production of industrial enterprises decreased by 15.1% at constant prices compared with the corresponding month of 2022. Output fell in all three sectors: by 22.0% in electricity production, by 14.7% in manufacturing, and by 9.1% in mining.
Helle Bunder, leading analyst at Statistics Estonia, said that the volume of industrial production1fell in almost all manufacturing activities in April. “Of the activities with larger shares, growth was recorded only in the production of shale oil (2.4%) and motor vehicles, trailers and semi-trailers (12.8%),” Bunder noted. Among the larger industries, as in the previous month, the manufacture of wood decreased the most (24.0%), while output declined also in the manufacture of electrical equipment (6.8%) and fabricated metal products (9.0%). The fall was smaller in the manufacture of electronic products (2.3%) and food products (1.4%).
In April 2023, compared with April 2022, the sales of manufacturing production2 decreased by 11.9% at current prices according to working-day adjusted data. Domestic sales fell by 14.1% and export sales by 10.5%.
66.8% of the total production of manufacturing was sold to the external market.
In April 2023 compared with March, the seasonally adjusted total industrial production fell by 1.4% and the production of manufacturing by 1.5%.
In energy production, compared with April 2022, the volume of electricity production (in megawatt-hours) decreased by 27.4% and the production of heat by 18.1%.
1Volume index of industrial production – an index that expresses the change in the volume of industrial production at constant prices compared with the base period. The producer price index is used for calculating the production values at constant prices.
2 Value index of industrial sales – an index that expresses the change in the value of sold industrial production at current prices compared with the base period.
Industry is the largest sector of the economy and an important driver of economic growth. The index of industrial production covers the economic indicators of three industrial activities: mining, energy production, and manufacturing.
Statistics Estonia performs the statistical activity “Production indices” for the Ministry of Economic Affairs and Communications with the aim to determine the economic situation in Estonia.
Information about various industrial activities can be found on the business dashboards.
See also the dedicated section on industry.
More detailed data have been published in the statistical database.
For further information:
Helen Maria Raadik
Media Relations Manager
Marketing and Dissemination Department
Tel +372 625 9181
press [at] stat.ee