|Unit||Vol. Index 2015=100, NSA|
|Adjustments||Not Seasonally Adjusted|
|Business Confidence||Mar 2021||3.6||2.2||SA||Monthly|
|Capacity Utilization||2021 Q1||71.6||69.6||%, SA||Quarterly|
|Change in Inventories||2020 Q4||-241.94||133.04||Mil. EUR, NSA||Quarterly|
|Industrial Production||Dec 2020||108.4||112.3||Vol. Index 2015=100, NSA||Monthly|
|Real Change in Inventories||2020 Q4||-219.27||125.34||Mil. Ch. 2015 EUR, NSA||Quarterly|
Industrial production index for Estonia; for mining, manufacturing and utilities; detailed by activity and MIG aggregate; monthly from 2000.
Since 2010 the data are collected from all enterprises with 20 or more employees and from enterprises with less than 20 employees. The data were not expanded to the population of enterprises. Enterprises have been divided into groups by economic activity according to the Estonian Classification of Economic Activities (EMTAK), which is based on the NACE (Statistical Classification of Economic Activities in the European Community) Rev. 2.
The volume index is calculated as a chained Paasche index. First, an elementary index (previous month = 100) is calculated. Elementary indices are deflated by PPI, in energy and mining — by quantities. Then all indices (previous month = 100) are recalculated to the base in which the weights of the same period are used. By the means of weights, these indices are aggregated. The value added at factor cost from the latest industrial annual survey is used as weights (Ex: for the years 2016–2018, the 2016 final value added is used as weights). Weights are changed every year. By multiplying all 2016 = 100 indices by the corresponding average of the 2016 in the base year 2015, they are converted into gross indices (2015 = 100). Indices for any desired period can be calculated from the chain index 2015 = 100 by dividing the index of the desired period by the index of the comparison period.
The new orders index is calculated as a simple index. First, an elementary index (average of previous year = 100) is calculated. Then all indices (average of previous year = 100) are recalculated to the base in which the same year the weights are used. By the means of weights, these indices are aggregated. The turnover from the latest industrial annual survey is used as weights (for example, the years 2016 -2018, the 2016 final turnover is used as weights). The export and domestic new orders indices are calculated separately and than aggregated to the total new orders index.
Manufacture of other food products includes manufacturing of chocolate and sugar confectionery, condiments and seasonings, prepared meals.
Manufacture of other non-metallic mineral products includes manufacturing of glass products, ceramic, cement, concrete, tiles and other construction products,
Manufacture of machinery and equipment n.e.c. includes manufacturing of machinery for agriculture, forestry, mining, construction, food, textile and paper production and their repair parts.
Manufacture of other transport equipment includes building of ships, railway and aircraft.
The data for current year may be revised when the data for the next quarter are added.