In February, industrial production increased a working-day adjusted 0.2% over the same month last year, which contrasted the 1.2% contraction tallied in January. According to Statistics Estonia, a massive contraction in energy production was offset by increases in the manufacturing and mining industries. A month-on-month assessment shows that industrial output decreased 2.2% in seasonally- and working-day adjusted terms in February, which contrasted the 4.2% increase observed in January. The overall trend was stable in February, with annual average growth in industrial production holding steady at January's 2.5%. FocusEconomics Consensus Forecast panelists expect industrial production to expand 4.7% in 2014, which is down 0.6 percentage points from the previous month's projection. In 2015, the panel expects industrial production to increase 5.3%.
Industrial production registers small increase in February
March 31, 2014
Author: Carl Kelly, Economist
Looking for forecasts related to Industry in Estonia? Download a sample report now.
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).