In November, the volume of industrial production was unchanged year on year
According to Statistics Estonia, in November 2024, the total production of industrial enterprises at constant prices was almost the same as in November 2023, falling by 0.1%. Among the three industrial sectors, output increased by 1.5% in manufacturing but decreased by 2.3% in mining and by 15.3% in electricity production.
Helle Bunder, leading analyst at Statistics Estonia, said that, in November, the volume of industrial production increased in more than half of the manufacturing activities. “Looking at the larger industries, output increased in the manufacture of food products (7.8%), fabricated metal products (5.8%) and electrical equipment (20%) and, to a smaller degree, also in the manufacture of computers and electronic products (0.9%),” noted Bunder. She added that, among the major industries, there was a decrease in output in the manufacture of wood (3.4%) and motor vehicles, trailers and semi-trailers (21.2%).
In November 2024, 68.4% of the total production of manufacturing was sold to the external market.
Compared with November 2023, the sales of manufacturing production increased by 0.8% at current prices according to working-day adjusted data. Domestic sales fell by 7%, while export sales grew by 5.3%.
In November compared with October, the seasonally adjusted total industrial production grew by 2.8% and the production of manufacturing by 2.7%.
In energy production, the volume of electricity production (in megawatt-hours) decreased by 8.6% and the production of heat by 9% in November.
Volume 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.
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.
When using Statistics Estonia’s data and graphs, please indicate the source.
For further information:
Heidi Kukk
meediasuhete juht
statistika levi osakond
statistikaamet
tel 625 9181
press [at] stat.ee (press[at]stat[dot]ee)