In September, industrial production increased a working-day adjusted 8.3% over the same month last year, which contrasted the 3.0% decline observed in August (previously reported: -2.8% year-on-year). The reading represents, in fact, the fastest pace of expansion seen since August 2011. According to Statistics Estonia, September's increase mainly reflected a rise in manufacturing of electronic products. On a monthly basis, industrial production rose a seasonally and working-day adjusted 2.0% in September, which was below the 2.3% increase tallied in August. Building on the strong annual reading, annual average growth inched up from minus 0.9% in August to minus 0.8% in September, breaking the downward trend that was in place since May 2011.
Industrial production expands at fastest pace in more than a year
October 31, 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).