In May, industrial production expanded a working-day adjusted 26.1% over the same month last year, below the 30.8% increase observed in April. The reading represented the 14th consecutive month of double-digit growth in industrial activity and paves the way for another strong GDP result in the second quarter. According to Statistics Estonia, external demand remained the main driver behind the expansion in industrial output. All sectors that compose the industrial production index expanded in May. Manufacturing led the way with the most substantial increase of 31.0% year-on-year. On a monthly basis, industrial production declined a seasonally and working-day adjusted 2.50%, which corroborates the slowdown implied by the annual figures. As industrial activity remains resilient, annual average growth climbed from 28.0% in April to 28.7% in May and the trend suggests that an expansionary mode is likely to remain in place over the coming months.
Industrial production slows
July 1, 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).