Estonia’s producer price index (PPI) of industrial output fell by 3.2% on year in July 2023, according to Statistics Estonia’s data, ERR reports. Compared to June 2023, the PPI fell by 1.0%. Producer prices fell by 1.1% over a year in manufacturing but rose by 5.8% in food production. Export prices declined by 3.0% and…
An increasing number of Lithuanian emigrants are considering going back, according to a poll carried out by the Employment Service (UzT) in May 2023, LRT reports. The survey showed that 55.1% of respondents would like to return to Lithuania, which is 14.6 percentage points higher than in 2020. The majority of those who wish to…
Latvia’s GDP fell by 0.9% in the second quarter of 2023, compared to the corresponding period of 2022, according to seasonally and calendar non-adjusted data, the Central Statistical Bureau’s flash estimate indicated, LSM reports. Manufacturing fell by 4.0%, while services grew by 0.6% over a year. Compared to the first quarter of 2023, the GDP…
Estonia’s retail trade turnover fell by 9% in the first half of 2023 from a year earlier at constant prices, according to data from Statistics Estonia, ERR reports. In June 2023, retail trade turnover totalled EUR 896mn, which was down 8% over a year. Retail sales in stores selling manufactured goods fell by 12% over…
Swedish telecommunications technology company Ericsson plans to build a new manufacturing and technology facility in Estonia’s capital city of Tallinn, ERR reports. The company will invest EUR 155mn in the production centre in Tallinn’s Ülemiste City business park. Construction work is due to be completed by 2026. The facility will house testing laboratories, production lines,…
Estonia’s industrial production output declined by 12.7% at constant prices in May 2023, compared to the same period of 2022, according to data from Statistics Estonia, ERR reports. Output fell by 31.5% in electricity production and 13.1% in manufacturing. Meanwhile, output rose by 36.3% in mining and quarrying. Helle Bunder, leading analyst at Statistics Estonia,…