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The industrial producer price index increased in January
According to Statistics Estonia, in January 2018, the producer price index of industrial output changed by 1.8% compared to December and by 3.5% compared to January 2017.
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The profit of the business sector increased in 2017
According to the preliminary data of Statistics Estonia, in 2017, the total profit of the business sector was 2.8 billion euros, which is 5% more than the year before.
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Three times more dwellings in Estonia compared to 100 years ago
According to Statistics Estonia, on 1 January 2017, there were 706,000 dwellings in Estonia, of which 76% were occupied. Compared to 1922 when there were 252,000 dwellings in Estonia, the number has nearly tripled.
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Construction volume increased in 2017
According to the preliminary data of Statistics Estonia, in 2017, the total production of Estonian construction enterprises in Estonia and in foreign countries amounted to 2.5 billion euros, which was 18% more than in 2016. Taking into account only Estonian construction market, construction volume increased 23%. Construction volume increased for the second consecutive year.
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In 2017, labour market indicators were positive
According to Statistics Estonia, in 2017, the unemployment rate was 5.8%, the employment rate 67.5% and the labour force participation rate 71.6%. In the 2nd quarter, unemployment increased temporarily, primarily due to an increased number of previously inactive persons entering the labour market. Employment and labour force participation remained high throughout 2017, reaching the highest levels in 20 years. In the 4th quarter, the youth (15–24-year-olds) unemployment rate was very low – 6.2%.
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Trade reached record level last year
According to Statistics Estonia, in 2017 compared to 2016, the exports of goods increased by 8% and imports by 9%. In 2017, the exports of goods from Estonia amounted to 12.8 billion euros and imports to Estonia to 14.7 billion euros at current prices.
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In January, the consumer price index increased
According to Statistics Estonia, in January 2018, the change of the consumer price index was 0.4% compared to December 2017 and 3.5% compared to January 2017.
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In 2017, the number of tourists in accommodation establishments increased
According to Statistics Estonia, 3.5 million domestic and foreign tourists stayed in the accommodation establishments of Estonia in 2017, i.e. 7% more than in 2016.
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In 2017, the volume of industrial production increased
According to the preliminary data of Statistics Estonia, in 2017, the production of industrial enterprises rose 8% compared to the previous year. Production volume increased in energy, mining and manufacturing.
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In December, the turnover of retail trade enterprises increased
According to Statistics Estonia, in December 2017, compared to December 2016, the turnover of retail trade enterprises increased 1% at constant prices.
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Milk production increased slightly
According to the preliminary data of Statistics Estonia, the production of milk amounted to 791,800 tonnes in 2017, which is 1% more than the year before. The number of dairy cows increased slightly by the end of the year and also the average annual milk production per cow increased.
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Good yield slightly compensated for harvesting losses
According to Statistics Estonia, the average yield of cereals was 3,967 tonnes per hectare in 2017. This is a very good result given the weather conditions in the previous year.