In April, industrial production expanded a working-day adjusted 31.8% over the same month the year before, slightly below the 33.5% increase observed in March. External demand for Estonian products boosted output as, according to Statistics Estonia, almost three quarters of manufactured goods were sold in foreign markets. Moreover, a strong reading continued to benefit from a favourable base effect from April 2010, when output increased a relatively moderate 17.6% and represented the 13th straight month of double-digit growth in industrial activity. The April expansion was broad-based across all sectors that compose the industrial production index, however, manufacturing continued to have the most significant impact, surging 37.7% year-on-year. On a monthly basis, industrial production remained flat over the previous month on a seasonally and working-day adjusted basis, which contrasted a 3.14% rise in March. Owing to the resilience of industrial activity, annual average growth increased from 27.0% in March to 28.1% in April and the trend suggests that growth in production is set to remain in an expansionary phase over the coming months.
External demand boosts industrial production in April
May 31, 2011
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Estonia Economic News
October 14, 2016
In September, consumer prices inched up from a 0.1% month-on-month increase in August to 0.2%.
September 30, 2016
According to Statistics Estonia, industrial production expanded a working-day adjusted 1.0% over the same month last year in August, which came in below the 2.2% increase registered in July.
September 8, 2016
In the second quarter, the economy expanded a modest 0.8% over the same quarter of the previous year, according to the revised data published by Statistics Estonia (SE) on 8 September.
September 7, 2016
In August, growth in consumer prices inched up from a flat reading in July to 0.1%.
August 31, 2016
According to Statistics Estonia, industrial production expanded a working-day adjusted 2.2% over the same month last year in July, which contrasted the revised 3.6% contraction registered in June (previously reported: -4.6% year-on-year).