In November, industrial production expanded 35.0% over the same month the year before, which was slightly down from the 37.5% record increase registered in October. Although the robust reading was favored by a weak calculation base ? industrial production had shrunk 14.2% annually in November 2009 ? it represented the ninth consecutive month of double-digit growth in industrial output. The expansion was broad based, with two of the three main industrial sectors growing at a double-digit pace. The manufacturing sector, a key component of industrial production, rose 36.2% over the same month the year before (October: +39.6% year-on-year). In addition, electricity, steam and hot water supply grew 42.3% in November (October: +32.1% yoy). The mining sector recorded a much weaker 7.9% increase (October: +8.8% yoy). A month-on-month comparison points to a less resilient expansion than suggested by the annual figures, as industrial production rose 1.16% in seasonally adjusted terms over the previous month, after rising 4.87% in October. As a result of November's increase, annual average growth jumped from 12.9% in October to 17.6%, which is the fastest pace in more than a decade.
Industrial production moderates in November
December 30, 2010
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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).