Estonia Industry


Industrial production continues to slow in February

In February, industrial production increased a working-day adjusted 1.4% over the same month last year, which was below the 5.8% rise observed in January. According to Statistics Estonia, the February expansion mainly reflected an increase in manufacturing of electronic products as well as of wood products.

On a monthly basis, industrial production fell a seasonally and working-day adjusted 3.9% in February, which contrasted the 0.5% rise tallied in January. Moreover, annual average growth in industrial production inched down from 0.8% in January to 0.7% in February.

FocusEconomics Consensus Forecast panellists expect industrial production to expand 4.6% in 2013, which is up 1.0 percentage points from the previous month's projection. Next year, the panel expects industrial production to increase 6.2%.

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Estonia Industry Chart

Estonia Industry February 2013

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

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