Uudiste arhiiv

 

Swedbank: Labour market still strong in the second quarter

16.08.2022
Swedbank

In the second quarter, the situation in the labor market was still good in Estonia. Employment was high and unemployment low. According to Statistics Estonia, in the second quarter, the unemployment rate was 5.8% and the number of the employed…

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Swedbank: Rapid inflation weighs on consumption in Estonia

07.07.2022
Swedbank

In June, consumer prices rose by 21.9% year-on-year and by 2.7% month-on-month. The price increase accelerated again in annual and monthly terms. Energy accounted for around 60% of the total increase in prices. The price of electricity has doubled, and…

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Swedbank: Inflation remains rapid

08.06.2022
Swedbank

Consumer prices increased by 20.0%, over the year, and 1.9%, over the month, in Estonia. Prices were lifted by more expensive energy and food. Energy accounted for two-thirds of the increase in the cost of the average consumption basket. Electricity…

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Swedbank: Consumer spending strong despite rising inflation and war uncertainty

18.05.2022
Swedbank

Retreating pandemic risks and looser virus curbs have made shopping and services consumption more accessible and more enjoyable in the Baltics. According to the Google mobility data, the flow of people in retail stores and recreation places was notably larger…

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Swedbank: Inflation close to 20% in Estonia

06.05.2022
Swedbank

Consumer prices rose more than expected in April. Prices grew by 18.8% year-on-year and 3.6% month-on-month. Inflation accelerated due to the end of government’s energy subsidies on electricity, gas, and central heating in March. Ukrainian refugees lifted rental prices, which…

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Swedbank: Inflation reached new highs in Estonia in March

07.04.2022
Swedbank

Prices rose by 15.2% year-on-year and 2.7% month-on-month in March. Prices were lifted by more expensive energy and food. Inflation was previously as rapid in the 1990s, during the first years of Estonia’s re-independence. Food prices rose by 13.8%, in…

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Swedbank: Rapid price growth to continue in Estonia

08.03.2022
Swedbank

In February consumer prices rose by 12.0%, year-on-year, and 1.5%, month-on-month. Prices were lifted mainly by energy and food, although the increase in consumer prices is becoming more widespread, as rising production costs and supply disruptions are affecting a large…

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Swedbank: Inflation super rapid in December in Estonia

10.01.2022
Swedbank

Prices increased by 12.2%, over the year, in December. Inflation reached 12% last time in the 1990s. More than half of the price increase came from higher energy prices, mainly electricity. The rise in consumer prices is expected to accelerate…

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Swedbank: Prices increase more than wages in Estonia

08.12.2021
Swedbank

Annual inflation reached 8.8% in November. The prices of energy and food contributed the most. Price growth is likely to accelerate further in December. The rise in prices is expected to decelerate next spring. Inflation picked up as expected. Inflation…

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Swedbank: Estonia: robust demand contributes to the economic growth

30.11.2021
Swedbank

GDP expanded 8.6% y/y and 0.7% q/q (swda) in 3Q – the growth met our expectations. GDP has increased 8.5% y/y in the first three quarters of 2021. In 3Q, more than half of the GDP growth came from four…

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Swedbank: Inflation accelerated in October

05.11.2021
Swedbank

In October, consumer prices increased by 7.0%, over the year, in Estonia. Around half of the increase in prices came from more expensive energy. Wages and pensions have risen as much as prices so far. Higher prices have not yet…

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Swedbank: Inflation accelerated further in Estonia

07.10.2021
Swedbank

In September, consumer prices increased by 6.6%, over the year. 60% of the increase in prices came from energy products, especially more expensive electricity and motor fuels.  Wages and pensions have risen at least as much as prices.  Higher prices…

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Swedbank: Estonia – impressive GDP growth continues

31.08.2021
Swedbank

GDP expanded 12.9% yoy and 4.3% qoq (SWDA) in 2Q Economic output exceeded pre-pandemic peak by 6.7% in real terms In Estonia, GDP grew 8.5% in the first half of 2021. The growth was among the fastest in the EU.…

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Swedbank: The outlook is bright, but clouds surround us

25.08.2021
Swedbank

The economic recovery over the past year has been impressive. In many countries, economic output was already back at pre-crisis levels this summer. Stronger-than-expected development during the second quarter has caused us to revise up the growth outlook for the…

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Swedbank: Estonian economy recovered from the recession faster than expected

31.05.2021
Swedbank

Economy grew by 5.4% annually (non-adjusted) and 4.8% quarterly (seasonally and working day adjusted) in Q1. The result exceeded our expectations and was the strongest among European countries (according to the numbers published so far). The restrictions continued to affect…

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