In November, industrial production expanded a working-day adjusted 1.1% over the same month the year before, which was below the 2.2% increase tallied in October (previously reported: +2.3% year-on-year). The reading represented the slowest pace of growth since December 2009, and marks the third consecutive month in which industrial output has expanded at only a single-digit rate. According to Statistics Estonia, slower growth in output in November was influenced by declining production of electronic and metal products. On a monthly basis, industrial production contracted a seasonally and working-day adjusted 0.26% in November, contrasting the 2.68% rise in October. Annual average growth fell from 23.8% in October to 21.0% in November, confirming the underlying downward trend in industrial production in place since August 2011.
Industrial production continues to slow in November
December 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).