Uudiste arhiiv

Swedbank: Purchasing power increased by almost 10%

25.05.2016 Tõnu Toompark

Wage growth accelerated further in the first quarter. A surge in purchasing power supports consumption but hurts enterprises’ profitability. In the 1st quarter of 2016, the average monthly gross wage was 1,091 euros in Estonia, up by 8.1% over the…

SEB: Negative interest rates – what does it mean?

12.05.2016 Tõnu Toompark

There are an increasing number of media mentions about negative interest rates as more developed countries across the globe are entering a negative interest rates territory. Five central banks – the European Central Bank (ECB), the Denmark’s National bank, the…

Acceleration of GDP growth was expected

12.05.2016 Tõnu Mertsina

According to the flash estimate of Statistics Estonia, GDP growth in Estonia accelerated to 1.7% yoy in 1Q 2016, while compared to the previous quarter (seasonally and working day adjusted) remained flat. On the supply side, continued robust growth of…

SEB: the popularity of small loans and other loans differs significantly between the Baltic States

25.04.2016 Tõnu Toompark

The SEB Baltic Household Outlook revealed that in 2015 the market for small loans and other loans issued by banks experienced an upturn in Estonia and Lithuania with the loan portfolios increasing by 1.8 per cent and 6.3 per cent…

Uuringu järgi moodustab eluaseme väärtus keskeltläbi poole eraisikute varast

28.03.2016 Eesti Pank

Peamine elukoht on Eesti leibkondade kõige kallim vara: selle väärtus moodustab keskeltläbi poole kõigist varadest Viiendiku reaalvaradest moodustavad varad ettevõtetes, mis leibkondadele kuuluvad ja kus nad töötavad Suurima osa Eesti leibkondade finantsvaradest moodustavad pangahoiused; finantsvarade osakaal varades on teiste euroala…

Economic growth slowed to 1.1% in 2015

11.03.2016 Tõnu Toompark

In 2015, economic growth amounted to 1.1% in Estonia as the volumes of stocks and exports decreased. We expect GDP growth to accelerate to 2.3% in 2016 on the back of higher exports and investments. In 2015, economic growth reached…

Wage growth at around 6% for the second year in a row in 2015

04.03.2016 Tõnu Toompark

Average monthly gross wage increased by 6.0%, net wage in real terms by 8.0% in 2015 We expect average gross wage and real net wage to grow by around 5% in 2016 Average monthly gross wage amounted to 1,065 euros…

Weak export demand behind the sluggish economic growth

11.02.2016 Tõnu Toompark

According to the flash estimate of Statistics Estonia, GDP grew by 0.7% yoy in Estonia in 4Q 2015. The growth rate met our expectations. Compared to the previous quarter, GDP grew by 1.2% (seasonally and working day adjusted). In 2015,…

Higher growth requires courage to make investments

14.12.2015 Mihkel Nestor

The week was once again packed with economic activity. Reviewed data on the GDP for Q3 were published, unfortunately there were no major changes – the economic growth estimation was increased from 0.5% to 0.7% year on year. Worse-than-expected economic…

Economic growth in Estonia decelerates sharply in the 2H2015

10.12.2015 Tõnu Mertsina

According to the second estimate by the Statistics Estonia, the GDP growth in Estonia decelerated to 0.7% yoy in 3Q2015, while compared to the previous quarter the GDP decreased by 0.4% (seasonally and working-day adjusted). Primarily construction, transport and manufacturing…

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%…

GDP growth smaller than expected

12.11.2015 Tõnu Toompark

GDP growth slowed more than expected, from 1.9% in the second quarter to 0.5% in the third quarter, year on year. Quarter-on-quarter change in GDP volumes was negative: -0.5%. During the first 9 months of the year, GDP in Estonia…

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…

Eastern European Outlook, October 2015

07.10.2015 Mihkel Nestor

The dual-track economic picture in Eastern (including Central) Europe will persist over the next two years. Conflict-plagued Russia and Ukraine will show continued weakness. In Russia, recession will linger during 2016 too, as plunging oil prices rebound only weakly and…

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,…

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