Industrial production fell by 4.7% in April

Posted on 5 June 2024, 8:00

According to Statistics Estonia, in April 2024, the total production of industrial enterprises fell by 4.7% compared with April last year. Among the three main sectors, output increased by 3.6% in mining and by 10.1% in electricity production but decreased by 5.7% in manufacturing.

Helle Bunder, leading analyst at Statistics Estonia, said that, in April, the volume of industrial production declined in most manufacturing activities. “For the third consecutive month, the production in manufacturing has fallen at a similar rate, that is, by about 6% year on year,” noted Bunder.

Looking at the larger industries, output decreased in April in the manufacture of wood (12.9%), fabricated metal products (11.5%), electrical equipment (13.5%), and computers and electronic products (13%). Among the major industries, there was an increase in output in the manufacture of food products (5%) and shale oil (12.7%).

In April, 67.9% of the total production of manufacturing was sold to the external market.

Compared with April 2023, the sales of manufacturing production decreased by 6% in April this year according to working-day adjusted data. Domestic sales fell by 10% and export sales by 3.9%.

Change in the volume of industrial production in manufacturing compared with corresponding month of previous year (adjusted with the number of working days)

In April compared with March, the seasonally adjusted total industrial production decreased by 1.5% and the production of manufacturing by 1.7%.

In energy production, the volume of electricity production (in megawatt-hours) increased by 3.4% and the production of heat by 16.7% in April.

The volume index and trend of production in manufacturing, January 2014 – April 2024 (2021 = 100)

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.

Volume index of industrial production – an index that expresses the change in the volume of industrial production at constant prices compared with the base period. The producer price index is used for calculating the production values at constant prices.

Value index of industrial sales – an index that expresses the change in the value of sold industrial production at current prices compared with the base period.

Statistics Estonia performs the statistical activity “Production indices” for the Ministry of Economic Affairs and Communications with the aim to determine the economic situation in Estonia.

Information about various industrial activities can be found on the business dashboards.

See also the dedicated section on industry.

More detailed data have been published in the statistical database

When using Statistics Estonia’s data and graphs, please indicate the source.

For further information:

Heidi Kukk
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9181
press [at] (press[at]stat[dot]ee)

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