Earnings of Estonian manufacturers keep declining

According to the data portal  rus.err.ee, the consolidated returns of Estonian manufacturers in the third quarter of this year decreased 4% in relation to the indices of the same period in 2015. In the second quarter year over year comparison showed the decline in returns by 6%.

In spite of the fact that the major business activities (trade, storage facilities, transport) make positive impact on the consolidated returns, spending level of enterprises continues to grow mainly at the expense of labor costs and job creation.