In August, industrial production expanded a working-day adjusted 22.7% over the same month last year, which was slightly below the 23.8% increase tallied in July. The reading represented the 17th consecutive month of double-digit growth in industrial activity, but marked the slowest pace for a year. According to Statistics Estonia, the manufacture of electronic products was the main driver behind the monthly expansion. On a monthly basis, industrial production declined a seasonally and working-day adjusted 1.72%, contrasting a 5.02% increase in July, and pointing to a much worse development than implied by the annual figures. Nevertheless, annual average growth inched up from 28.9% in July to 29.0% in August and the trend has remained virtually flat in the last 3 months, suggesting that industrial production growth has reached a plateau.
Industrial production continues to slow
September 30, 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).