Estonia: industrial production up in July 2021

In July, the total production of industrial enterprises increased by 10% YoY, data from Statistics Estonia showed. Production increased by 16% in energy production, by 6% in manufacturing and by 72% in mining. Helle Bunder, analyst at Statistics Estonia, said production increased in more than a half of manufacturing activities. “In July last year, the…

Estonia: GDP up in Q2 2021

Estonia’s gross domestic product (GDP) grew by 12.9% YoY in the second quarter – a new record, data from Statistics Estonia showed. The GDP at current prices was EUR 7.4 billion. Robert Muursepp, lead analyst at Statistics Estonia, said when considering the fast economic growth, it should be noted that it was mainly connected with…

Estonia: retail turnover up in July 2021

Further signs of economic recovery are in evidence from data released by state agency Statistics Estonia, which said that retail turnover rose by 10% YoY at constant prices in July, the EUR 779 million. Jaanika Tiigiste, leading analyst at Statistics Estonia, said: “Turnover continues to grow both in comparison with last year and with the…

Estonia: average salary up in Q2 2021

The average salary rose to EUR 1,538 (+7.3%) – in the second quarter of 2021, data from Statistics Estonia showed. The data are for the average monthly gross wages and salaries. Both were highest in Harju and Tartu counties. The sectors with the highest salaries are information and communication, financial and insurance activities and the…