Estonia - Industrial Production

Estonia: Industrial Production

Mnemonic IP.IEST
Unit Vol. Index 2015=100, NSA
Adjustments Not Seasonally Adjusted
Monthly 3.47 %
Data Dec 2020 108.4
Nov 2020 112.3

Series Information

Source Statistics Estonia
Release Industrial Production
Frequency Monthly
Start Date 1/31/2000
End Date 12/31/2020

Estonia: Business

Reference Last Previous Units Frequency
Capacity Utilization 2021 Q2 76.5 71.6 %, SA Quarterly
Business Confidence Apr 2021 14.7 3.6 SA Monthly
Change in Inventories 2020 Q4 -241.94 133.04 Mil. EUR, NSA Quarterly
Industrial Production Dec 2020 108.4 112.3 Vol. Index 2015=100, NSA Monthly
Real Change in Inventories 2020 Q4 -219.27 125.34 Mil. Ch. 2015 EUR, NSA Quarterly

Release Information

Industrial production index for Estonia; for mining, manufacturing and utilities; detailed by activity and MIG aggregate; monthly from 2000.

Industrial production
Industrial sales ± change in stocks.
Number of persons employed
Total number of persons who work in the observation unit (inclusive of working proprietors, partners working regularly in the unit and unpaid family workers), as well as persons who work outside the unit but are on the staff list and on the payroll of the unit (e.g. sales representatives, delivery personnel, repair and maintenance teams). Included are also persons absent for a short period (e.g. sick leave, paid leave or special leave), and those on strike, but not those absent for an indefinite period. The number of persons employed also includes part-time workers who are regarded as such under the laws of the country concerned and who are on the payroll, as well as seasonal workers, apprentices and home workers on the payroll.
Calculated as average of a quarter.
Excludes manpower supplied to the unit by other enterprises, persons carrying out repair and maintenance work in the enquiry unit on behalf of other enterprises.
Unpaid family workers
Persons who live with the proprietor of the unit and work regularly for the unit, but do not have a contract of service and do not receive a fixed sum for the work they perform. This is limited to those persons who are not included on the payroll of another unit as their principal occupation.
Number of hours worked
Hours actually worked during normal working hours and hours worked in addition to those. If the exact number of hours actually worked is not known, it may be estimated on the basis of the theoretical number of working hours.
Personnel costs
Wages and salaries + employers’ social security taxes.
Sales index
Shows the change in the value of sold industrial production in current prices compared to the base period.
Unadjusted volume index
Shows the change in the value of industrial production in constant prices compared to the base period. The producer price index is used for calculating the production values in constant prices.
Working-day adjusted volume index
Shows the change in the volume of industrial production taking into account the number of working days in a month. It is calculated only in comparison with the corresponding period of the previous year.
Seasonally adjusted volume index
Shows the change in the volume of industrial production, which has not been influenced by seasonally recurring factors. It is calculated only in comparison with the previous period (month or quarter).

Since 2010 the data are collected from all enterprises with 20 or more employees and from enterprises with less than 20 employees. The data were not expanded to the population of enterprises. Enterprises have been divided into groups by economic activity according to the Estonian Classification of Economic Activities (EMTAK), which is based on the NACE (Statistical Classification of Economic Activities in the European Community) Rev. 2.

The volume index is calculated as a chained Paasche index. First, an elementary index (previous month = 100) is calculated. Elementary indices are deflated by PPI, in energy and mining — by quantities. Then all indices (previous month = 100) are recalculated to the base in which the weights of the same period are used. By the means of weights, these indices are aggregated. The value added at factor cost from the latest industrial annual survey is used as weights (Ex: for the years 2016–2018, the 2016 final value added is used as weights). Weights are changed every year. By multiplying all 2016 = 100 indices by the corres­ponding average of the 2016 in the base year 2015, they are converted into gross indices (2015 = 100). Indices for any desired period can be calculated from the chain index 2015 = 100 by dividing the index of the desired period by the index of the comparison period.

The new orders index is calculated as a simple index. First, an elementary index (average of previous year = 100) is calculated. Then all indices (average of previous year = 100) are recalculated to the base in which the same year the weights are used. By the means of weights, these indices are aggregated. The turnover from the latest industrial annual survey is used as weights (for example, the years 2016 -2018, the 2016 final turnover is used as weights). The export and domestic new orders indices are calculated separately and than aggregated to the total new orders index. 

Other Information

Manufacture of other food products includes manufacturing of chocolate and sugar confectionery, condiments and seasonings, prepared meals.

Manufacture of other non-metallic mineral products includes manufacturing of glass products, ceramic, cement, concrete, tiles and other construction products,

Manufacture of machinery and equipment n.e.c. includes manufacturing of machinery for agriculture, forestry, mining, construction, food, textile and paper production and their repair parts.

Manufacture of other transport equipment includes building of ships, railway and aircraft.

The data for current year may be revised when the data for the next quarter are added.