Latvia’s industrial production declined by 4.5% in 2023 compared to 2022, according to the Central Statistical Bureau (CSP), LSM reported. Output in manufacturing decreased by 4.5%, in electricity and gas supply by 0.8%, and in mining by 19% over a year. The drop in manufacturing output was the largest annual decline since 2009. Martins Abolins, economist…
The total production of industrial enterprises in Estonia declined by 10.5% in 2023 at constant prices compared to 2022, according to Statistics Estonia’s data, ERR reports. Output decreased in all three industrial sectors, including in energy production by 21%, in manufacturing by 9.8%, and in mining and quarrying by 4.7%. Production volumes fell every month…
Estonia’s Ministry of Climate has confirmed the felling quota for the state forest management centre, Riigimetsa Majandamise Keskus (RMK), in 2024, ERR reports. Under the decision, the felling quota will remain unchanged at 9,180 hectares. The quota only relates to RMK’s forest land, which represents around 1% of Estonia’s total forest area. A little less…
Producer prices in Latvia’s industry rose by 0.4% in June 2023, compared to June 2022, according to data from the Central Statistical Bureau, LSM reports. Prices of products sold on the domestic market rose by 3.8%, while prices of exported products dropped by 3.6%. Compared to May 2023, producer prices in Latvian industry declined by…
Latvia’s electricity consumption totalled 491 GWh in June 2023, which was the lowest monthly figure since June 2005, according to data from transmission system operator Augstsprieguma Tikls (AST), LSM reports. Electricity consumption declined by 9% over a year and 5% over a month. AST attributed the drop in consumption to the increasing number of microgeneration…
Estonia’s state-owned energy group, Eesti Energia, produced a record 252,461 tonnes of shale oil in the first half of 2023, which was up 20% from the same period of 2022, ERR reports. The company has three shale oil plants and is building a fourth one. Eesti Energia expects its annual shale oil production to reach…
Estonia’s producer price index (PPI) of industrial output fell by 1.9% on year in June 2023, according to Statistics Estonia, ERR reports. Compared to May 2023, the PPI dropped by 0.4%. The biggest impact on the index came from a fall in the price of electricity production and in the manufacture of wood products and…
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,…
Latvia’s industrial production output declined by 8.8% in May 2023 compared to a year earlier, according to calendar-adjusted data at constant prices, data from the Central Statistical Bureau showed, LSM reports. Output dropped by 7.7% in manufacturing, 7.9% in mining and quarrying, and 15.3% in electricity and gas supply. Compared to April 2023, industrial production…