Estonia Industry


Industrial production registers small increase in February

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%.

Author:, Economist

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Estonia Industry Chart

Estonia Industry February 2014

Note: Year-on-year changes and annual average growth of industrial production index in %.
Source: Statistics Estonia and FocusEconomics calculations.

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