In March, industrial production contracted 3.0% over the same month the year before, on the top of a 2.7% drop in February. The monthly drop was widespread within the three main industrial sectors. Activity in the key manufacturing sector remains depressed, contracting 3.3% over March last year, which represents a deterioration from the 1.4% drop tallied in February. A month-on-month comparison corroborates the notion of a sector which is unable to escape recession. Industrial production decreased a seasonally adjusted 0.21% over the previous month in March, contrasting a 1.26% expansion in February. In fact, during the last 12 months industrial output recorded only four positive monthly readings. Moreover, the trend continues to point downwards, with the annual average variation in industrial production stepping down from minus 1.9% in February to minus 2.1% in March.
Industrial sector continues to contract during the first quarter
April 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).