Estonia's Producer Price Indices increased again in June. According to Statistics Estonia, in June 2008 the producer price index was up 0.4% month on month (compared to May) and 7.5% Year on year (compared to June 2007). This is up from 0.2 and 7.2 respectively in May. The month on month cahnge in the producer price index was mainly influenced by the increase in prices in the manufacture of electri...

According to the Estonian statistics office annual consumer price inflation in June 2008 was 11.4%. This is now the six consecutive month for which the consumer price index has remained around the 11% region.Food prices were up by 15.8% and the price of manufactured goods by 7.0%. The services iprices ncreased 12.5%. Regulated prices of goods and services were up by 22.0% and non-regulated prices b...

Well the May industrial output reading is really quite a shocker, since when compared to April 2008, industrial output in May 2008 at constant prices (i.e. allowing for the influence of the price change) was down by 3.1%, according to the (seasonally adjusted data) accoring to the Latvian Central Statistical Bureau. Of this there was a volume decrease of 3.3% in manufacturing, 3,4 % in electricity,...

Estonia's industrial production fell the most in nine years in May, providing us with the latest evidence (following yesterday's retail sales data) that the Baltic economy has slipped into what now seems likely to become a pretty deep recession. Output, adjusted for working days, decreased an annual 6.7 percent, the biggest decline since May 1999, compared with a revised 0.1 percent fall in April,...

Estonian retail sales declined in May for the second time in three months, suggesting the Baltic nation's economy is on the verge of contraction. Retail sales, excluding car and fuel sales, fell an annual 3 percent, after remaining unchanged in April and declining 4 percent in March, according to the latest data from the Tallinn-based statistics office. Sales were up however when compared with Apri...