In June, industrial production expanded a working-day adjusted 23.8% over the same month last year, slightly below the 24.5% increase observed in May. The reading represented the 15th consecutive month of double-digit growth in industrial activity and confirmed that the economy is expanding at a good pace, with GDP up 8.4% in the second quarter, according to the preliminary estimate. According to Statistics Estonia, external demand remained the main driver behind the expansion in industrial output. On a monthly basis, industrial production expanded a seasonally and working-day adjusted 1.51%, contrasting the 3.63% contraction tallied in May. Despite deceleration in annual figures, annual average growth climbed from 28.5% in May to 28.8% in June and the trend suggests that an expansionary mode is likely to remain in place over the coming months.
Industrial production growth slows
July 29, 2011
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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).