Uudiste arhiiv

Wages rose despite the weak growth in the economy

26.11.2015 Orsolya Soosaar

Both seasonally adjusted quarterly wage growth and average annual wage growth were faster than in the second quarter Wages in accommodation and catering rose by 16.9% Data from Statistics Estonia show that the average gross monthly wage was up 6.9%…

Economic growth or economic standstill

25.11.2015 Mihkel Nestor

Several important economic indicators were updated last week. The new GDP flash estimate for the third quarter indicates that instead of picking up speed, as was expected at the beginning of the year, economic growth is instead beginning to freeze.…

Statistics: Number of permits for use for non-residential premises down 2%

18.11.2015 Tõnu Toompark

Tõnu Toompark, Adaur Grupp OÜ / Kinnisvarakool OÜ

According to Statistics Estonia, 178 permits for use were issued for non-residential premises in Q3 2015. Issuance of permits for use decreased 2% in a year. The floor area of non-residential premises issued with permits for use was 149 000…

Labour market has tightened further

15.11.2015 Tõnu Toompark

Finding suitable labour is increasingly difficult for Estonian employers, therefore, wage pressures persist even when enterprises sales and profits have decreased. Labour shortage was perceived as the biggest business constraint among the 18% of service, 17% of construction, and 14%…

Statistics: Issuance of building permits for housing up 53%

11.11.2015 Tõnu Toompark

Tõnu Toompark, Adaur Grupp OÜ / Kinnisvarakool OÜ

According to Statistics Estonia, 1 511 units of housing, with a total floor area of 137 000 m², were issued with building permits in Q3 2015. Issuance of building permits for housing grew 53% year on year, whereas the floor…

Statistics: Number of permits for use for housing more than doubles in a year

04.11.2015 Tõnu Toompark

Kinnisvaraanalüütik Tõnu Toompark, Adaur Grupp OÜ / Kinnisvarakool OÜ

According to Statistics Estonia, 983 units of housing received permits for use in Estonia in Q3 2015. These are some of the highest levels in the past five years, more than double the number of permits for use a year…

The residents of the Baltic States rarely move

27.10.2015 Tõnu Toompark

Compared to the rest of Europe, the residents of the Baltic States rarely move house. People chiefly move for family-related reasons, reveals the new Baltic Household Outlook prepared by SEB. The residents of the Nordic countries move most often. As…

Statistics: Growth in the aggregate total of wages outpacing loan balances

27.10.2015 Tõnu Toompark

Kinnisvaraanalüütik Tõnu Toompark, Adaur Grupp OÜ / Kinnisvarakool OÜ

Balances on loan private individuals’ loans in Estonia have begun to grow at accelerating rates. According to the Bank of Estonia, last August the balance on private individuals’ loans stood at 7.23 billion euros, up 3.5% year on year. Growth…

Private individuals’ deposits have grown more equally in Estonia than in Latvia or Lithuania

23.10.2015 Tõnu Toompark

The financial situation of households in the Baltic States has improved thanks to favourable changes on the labour market and growth in mean wages, reveals the new economic analysis of Baltic households by SEB. Growth in people’s savings has significantly…

In Latvia and Estonia the highest growth of average wages among Baltics

21.10.2015 Tõnu Toompark

Due to a reduction in labour taxes, average net (after tax) wages in the first half of 2015 in Estonia and Latvia rose at a quicker pace than gross wages. In Lithuania the average net wages rose a little bit…

Moderate economic growth, yet risks have increased

14.09.2015 Mihkel Nestor

Economic statistics for the past week revealed that the Estonian economy grew a lot more last year than was previously thought. The growth of GDP in the second quarter can also be regarded as being good. At the same time,…

Swedbank flash comment Estonia : Weak foreign demand inhibits the economic growth in Estonia

08.09.2015 Tõnu Toompark

• GDP real growth 2% in the second quarter • Main contribution from private consumption, but investments decreased • Economic activities dependent on foreign demand (transportation and manufacturing) had the largest negative contribution to the GDP growth • Exports decreased…

Swedbank flash comment: Estonia

07.09.2015 Tõnu Toompark

Cheaper energy behind deflation • Consumer prices dropped further in August • Cheaper energy behind the decline in prices • Inflation expected at -0.2% in 2015 and +1.9% in 2016 August deflation numbers were in line with our expectations. In…

Swedbank: Wage growth accelerated

02.09.2015 Tõnu Toompark

Monthly gross wages amounted to 1,082 euros, +5.8%, yoy, in Q2. At the same time, net wages were up by 7.3% in real terms because of 0% inflation and lower labour taxes. The growth of gross wages accelerated from 4.5%…

Employee numbers rising in spite of declining sales

01.09.2015 Mihkel Nestor

The ending week will be remembered by many for the nervous decline of the stock markets. Despite these uncertain times, the global economy is on track for growth. In Estonia, initial data published for the economic performance of businesses in…

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