​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.

Helle Bunder, analyst at Statistics Estonia, noted that May was the month last year when manufacturing volumes decreased the most due to the coronavirus pandemic. “In connection with the low reference base, manufacturing production has increased by 18.5% year on year,” said Bunder.