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102,000 persons are unemployed
According to Statistics Estonia, the unemployment rate rose to 14.6% in the 3rd quarter of the current year and the number of the unemployed was the largest during the period after the restoration of independence in Estonia. The positive change on the labour market was that the decrease of the employment stopped.
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Decline of real estate market slowed down
According to Statistics Estonia, in the 3rd quarter of 2009, 6,350 purchase-sale transactions of real estate were carried out. Compared to the same quarter of the previous year, the decrease in the number of transactions slowed down.
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Decline in the economy decelerated in the 3rd quarter
According to Statistics Estonia, by flash estimates, the gross domestic product (GDP) of Estonia decreased by 15.3% in Estonia in the 3rd quarter of 2009 compared to the same quarter in the previous year.
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Fewer tourists in accommodation establishments
According to Statistics Estonia, during the nine month of the year 1.7 million tourists stayed in accommodation establishments, which was 11% less than at the same time in the previous year.
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In September imports of goods was the biggest of this year
According to the preliminary data of Statistics Estonia, in September 2009 exports of goods from Estonia amounted to 9.3 billion kroons at current prices and imports to Estonia made up 10.1 billion kroons. This year imports exceeded the level of 10 billion kroons for the first time.
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Consumer price index decreased in October
According to Statistics Estonia, the consumer price index decreased 2.2% in October 2009 compared to October 2008 and 0.1% compared to September 2009.
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Sustainability in Estonia has both positive and negative trends
According to Statistics Estonia, during the last decade Estonia experienced a fast progress towards economic welfare, but the same cannot be said in regard to social coherence, ecological balance and developments in the cultural space. Nevertheless, both negative and positive trends can be witnessed in all these spheres.
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In September the decrease in stores selling manufactured goods affected most the retail sales
According to Statistics Estonia, the retail sales of goods of retail trade enterprises decreased in September 2009 compared to August this year as well as compared to September of the previous year. The decrease in retail sales was most influenced by stores selling manufactured goods, where the decrease in sales slightly accelerated compared to the previous months.
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The stable decrease in industrial production continues
According to Statistics Estonia, in September 2009 compared to September of the previous year, the production of industrial enterprises decreased 30%. Since February the decrease in production has been within the limits of 30% compared to the same month of the previous year.
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In August the trade balance was positive with main countries of destination
According to Statistics Estonia, in August 2009 Estonian trade deficit was 1.6 billion kroons. At the same time the trade balance with the five biggest countries of destination was positive (exports exceeded imports).
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Construction price index fell also in the 3rd quarter
According to Statistics Estonia, in the 3rd quarter of 2009 the percentage change of the construction price index was -10.5% compared to the 3rd quarter of 2008. The index fell three quarters running compared to the corresponding quarter of the previous year.
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Producer price indices in September
According to Statistics Estonia, in September 2009 the producer price index increased 0.1% compared to August and decreased 1.5% compared to September 2008.