Estonia Industry


Industrial production growth accelerates in November

In November, industrial production increased a working-day adjusted 6.5% over the same month the year before, which was well above the 0.4% increase observed in October (previously reported: +0.1% year-on-year). According to Statistics Estonia, November's reading reflected an increase in the manufacturing of electronic products.

On a monthly basis, industrial production rose a seasonally and working-day adjusted 4.7% in November, which contrasted the 5.5% decline tallied in October. Building on the stronger annual reading, annual average growth edged up from minus 1.0% in October to minus 0.6% in November.


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Estonia Industry Chart

Estonia Industry November 2012

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

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