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Recession was wide-ranging in the first quarter
According to Statistics Estonia, the gross domestic product (GDP) decreased by 3.2% at constant prices in the first quarter of 2023 compared with the same quarter a year earlier. The GDP at current prices amounted to 8.7 billion euros.
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Retail trade turnover fell by 11% in April
According to Statistics Estonia, in April, the turnover of retail trade enterprises was 844 million euros. Compared with April 2022, turnover decreased by 11% at constant prices.
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In the first quarter, construction volume fell by 11%
According to Statistics Estonia, in the first quarter of 2023, the total production value of Estonian construction enterprises in Estonia and abroad decreased by 11% at constant prices compared with the same period a year earlier.
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In the first quarter, the average wages and salaries were 1,741 euros, median 1,424 euros
According to Statistics Estonia, the average gross monthly wages and salaries in the first quarter of 2023 were 1,741 euros, which is 13.3% higher than at the same time last year. The median wages, however, were 1,424 euros. The average real wages in the first quarter of 2023 were 1,443 euros, 3.2% lower than last year.
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In fish farming, output decreased but the prices increased
According to Statistics Estonia, in 2022, fish farming enterprises sold 801 tonnes of commercial fish and crayfish, for a total of 4.9 million euros. The sale of fish roe amounted to 2.7 tonnes. The sold quantity of fish farming production decreased for the third year in a row. The quantity of fish roe sold in 2022 was 8 times smaller than the year before.
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Producer price index of industrial output rose by 4.2% in April
The producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, increased by 4.2% in April 2023 compared with April 2022 and decreased by 0.7% compared with March 2023.