Analytics, Business, Estonia, Statistics

Turnover increased in most economic activities, except in mining, energy and water supply, sewerage, waste management and remediation. Trade and manufacturing enterprises contributed the most to the turnover of the business sector. The turnover of both activities increased by 6%.

Compared to the 2nd quarter of 2018, the total expenditure of enterprises increased by 6%, including a 10% increase in labour costs. The number of persons employed and the number of hours worked increased 3% and 1%, respectively. The labour productivity of the business sector on the basis of turnover amounted to an average of 34,600 euros in a quarter per person employed, i.e. 4% more than in the 2nd quarter of 2018.

Enterprises invested 796 million euros, which is a third more than in the same period the year before. The investments were made mostly in machinery and equipment, and in buildings. Manufacturing, energy and trade enterprises accounted for about a half of the total investments of all enterprises. Compared to the 2nd quarter of 2018, investments in land stayed at the same level, while other investments increased.