In September, production decreased significantly in the electronics industry
According to Statistics Estonia, in September 2023, the total production of industrial enterprises decreased by 12.5% at constant prices compared with the corresponding month of 2022. Output fell in two sectors: by 37.6% in electricity production and by 10.9% in manufacturing. In mining, output remained almost at the same level, as the decrease was just 0.3% year on year.
Helle Bunder, leading analyst at Statistics Estonia, said that, in September, the volume of industrial production1 decreased in most of the manufacturing activities. Looking at the activities with larger shares, there was an increase in the production of shale oil (6.6%) and in the repair and installation of machinery and equipment (0.6%). Among the larger industries, the biggest decline occurred in the manufacture of electronic products (30.3%), which is due to the high reference base of September last year. There was also a decrease in the manufacture of wood (12.4%), electrical equipment (16.6%), fabricated metal products (8.4%), food products (3.0%), and building materials (19.0%).
In September 2023, compared with September 2022, the sales of manufacturing production2 decreased by 11.5% at current prices according to working-day adjusted data. Domestic sales fell by 11.8% and export sales by 11.3%.
66.9% of the total production of manufacturing was sold to the external market.
In September 2023 compared with August, the seasonally adjusted total industrial production decreased by 2.9% and the production of manufacturing by 3.0%.
In energy production, compared with September 2022, the volume of electricity production (in megawatt-hours) decreased by 48.8% and the production of heat by 19.8%.
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.
When using Statistics Estonia’s data and graphs, please indicate the source.
For further information:
Helen Maria Raadik
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9181
press [at] stat.ee (press[at]stat[dot]ee)