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Industrial production decreased by 5.7 percent in February on year

This February, the total production of industrial enterprises in Estonia decreased by 5.7 percent on year at constant prices. Production increased by 19.3 percent in mining and 2.6 percent in electricity production but decreased by 7 percent in manufacturing, said Statistics Estonia.

Helle Bunder, leading analyst at Statistics Estonia, said that the volume of industrial production (1) in February rose in slightly more than a third of the manufacturing activities. “Among the activities with larger shares, output grew in the manufacture of chemical products (2.9 percent), fabricated metal products (0.9 percent), rubber and plastic products (0.8 percent), and in repair and installation of machinery and equipment (26.8 percent),” noted Bunder.

The manufacture of building materials remained more or less unchanged, as the decrease was only 0.5 percent. A small, 1 percent decline was also recorded in the manufacture of food products.

Among the larger manufacturing activities, output in February decreased in the manufacture of wood (16.9 percent), electrical equipment (5.6 percent), and computers and electronic products (10.4 percent).

This February, 66.1 percent of the total production of manufacturing (2)  in Estonia was sold to the external market.

According to working-day adjusted data, compared with February 2023, the sales of manufacturing production decreased by 9.2 percent at current prices, with domestic sales down 10.6 percent and export sales 8.4 percent on year.

In February compared with January, the seasonally adjusted total industrial production grew by 1 percent and the production of manufacturing by 2.1 percent.

In energy production, the volume of electricity production measured in megawatt-hours decreased by 8.6 percent, whereas the production of heat increased by 9.1 percent in February.


1 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.

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