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Household Budget Survey starts in December
On Sunday, 9 December, Statistics Estonia launches the Household Budget Survey, to collect data from households on their daily expenditure and consumption. The survey runs until the end of 2019.
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In October, the volume of industrial production was greater than a year ago
According to Statistics Estonia, in October 2018, the production of industrial enterprises increased by 2% compared to October 2017. Production increased in manufacturing and energy, but decreased in mining.
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In October, turnover growth of retail trade enterprises continued
According to Statistics Estonia, in October 2018, the turnover of retail trade enterprises was 613.9 million euros. Turnover increased 3% at constant prices compared to October of the previous year.
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Economic growth accelerated in the 3rd quarter
According to Statistics Estonia, the gross domestic product (GDP) of Estonia grew by 4.2% in the third quarter of 2018 compared to the same period of the previous year.
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In the 3rd quarter, the growth of average wages and salaries accelerated
According to Statistics Estonia, in the 3rd quarter of 2018, the average monthly gross wages and salaries of enterprises, institutions and organisations were 1,291 euros, having increased by 7.5% compared to the 3rd quarter of 2017. The year-on-year growth in average monthly gross wages and salaries was 1.1 percentage points faster than in the previous quarter.
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The profit of the business sector increased in the 3rd quarter
According to Statistics Estonia, in the 3rd quarter of 2018, the total profit of the business sector was 871 million euros, which is 21% more than in the same period the year before.
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Construction volume increased in the 3rd quarter
According to Statistics Estonia, in the 3rd quarter of 2018 compared to the same quarter of the previous year, the total production of Estonian construction enterprises in Estonia and foreign countries increased by 16%. Taking into account only Estonian construction market, construction volume increased by 18%.
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Industrial producer price index increased in October
According to Statistics Estonia, in October 2018, the producer price index of industrial output changed by 0.3% compared to September and by 2.8% compared to October 2017.
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Older persons are becoming more active in the labour market
According to Statistics Estonia, in the 3rd quarter of 2018, the unemployment rate was 5.2%, the employment rate was 68.2% and the labour force participation rate was 72%. The unemployment rate remained low and is similar to that of economic boom years. The employment rate and the labour force participation are even higher than during the boom years. Employment of older persons is at a record high.
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In September, trade increased
According to Statistics Estonia, in September 2018, the exports and imports of goods both increased by 11% compared to September 2017. The growth in trade was affected the most by an increase in trade in mineral products (fuel additives, motor spirit).
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Consumer price index was affected the most by transport in October
According to Statistics Estonia, the change of the consumer price index in October 2018 was 0.5% compared to September 2018 and 4.4% compared to October of the previous year.