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The monthly surveys allow the regular assessment of current economic tendencies and are also used for forecasting. “Among other things, the economic sentiment surveys reveal whether Estonian households are able to save money or whether they can afford to make major purchases. The business surveys show how enterprises in the construction, industry, trade and services sectors are doing, and which factors influence their performance,” explained Kaire Raasik, Head of the Economic and Environmental Statistics Department at Statistics Estonia. The data collected with the business and consumer

In September, the confidence indicator was still the highest in retail trade (+21.1, up from +15.7 in August). Compared with August, there was a significant deterioration in enterprises’ assessment of their sales in the last three months, although enterprises were more optimistic about expected sales in the next three months. There was also a slight improvement in assessments of the volume of stock. In the services sector, the confidence indicator was +1.2 in September (+7.4 in August), and enterprises had a more negative view of expected demand in the next three months. Confidence also

The total number of vacant and occupied posts in the fourth quarter was a little under 584,000. Vacancies represented 1.5% of all job posts. The number of vacant posts was the highest in education (1,435) and wholesale and retail trade (including repair of motor vehicles and motorcycles) (1,431). Krista Vaikmets, leading analyst at Statistics Estonia, said that the number of job vacancies declined by nearly 500 in the fourth quarter year on year. However, the rate of job vacancies – i.e. the share of vacancies in the total number of posts – remained at a similar level as in the fourth quarter