In October, industrial production increased a working-day adjusted 0.1% over the same month last year, which was well below the 8.2% increase observed in September (previously reported: +8.3% year-on-year). According to Statistics Estonia, October's meagre reading reflected how an increase in the production of energy and mining was nearly offset by a decrease in manufacturing. On a monthly basis, industrial production fell a seasonally and working-day adjusted 5.3% in October, which contrasted the 2.0% increase tallied in September. Building on the weak annual reading, annual average growth edged down from minus 0.8% in September to minus 1.1% in October, resuming the downward trend in place since May 2011.
Industrial production virtually flat in October
November 30, 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).