In August, industrial production decreased a working-day adjusted 2.8% over the same month last year, which represents the sixth consecutive month of contracting output. The reading, however, marks an improvement over the 7.3% decline observed in July. According to Statistics Estonia, August's fall mainly reflected a decrease in manufacturing of electronic as well as of metal products. A month-on-month comparison does not confirm the contraction reflected in the annual figures, as industrial production rose a seasonally and working-day adjusted 2.3% in August, which was larger than the 0.8% rise tallied in July. Building on the negative annual reading, annual average growth fell from plus 1.0% in July to minus 1.0%, confirming the underlying downward trend in industrial production in place since May 2011.
Industrial production declines for the sixth straight month
October 1, 2012
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Estonia Industry Chart
Note: Year-on-year changes and annual average growth of industrial production index in %.
Source: Statistics Estonia and FocusEconomics calculations.
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).