Estonia Economic Outlook
September 23, 2019
Growth lost considerable pace in the second quarter. Slower total consumption dented domestic demand growth in Q2, as public spending growth came to near a halt and household consumption decelerated sharply, amid intensifying inflationary pressures and a jump in the unemployment rate. That said, fixed investment surged in the quarter, driven by booming private sector activity. On the external front, export growth fell, while import growth jumped—reflecting an upturn in fixed investment—thus weighing on the overall expansion. Turning to Q3, metrics appear largely downbeat. In July, both industrial production and exports contracted for a second consecutive month, while business sentiment fell into pessimistic territory, where it stayed in August. That said, consumer demand was seemingly strong, reflected in booming retail sales in July and a jump in consumer confidence in August.Estonia Economic Growth
Growth is expected to weaken this year and next, amid a broad-based slowdown. Private consumption growth is seen softening further, weighed on by less upbeat labor market dynamics, while investment activity will lose considerable traction, causing productivity growth to slow. Furthermore, the external sector’s performance will likely be dented by the global slowdown. FocusEconomics analysts see the economy expanding 3.4% this year, before decelerating to 2.6% in 2020, which is up 0.1 percentage points from last month’s forecast.Estonia Economy Data
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Estonia Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.10 | 0.65 % | Sep 04 |
| Stock Market | 1,235 | -0.38 % | Sep 04 |
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Estonia Economic News
Estonia: Inflation moderates in September
October 8, 2019
Consumer prices fell 0.2% over the previous month in September, contrasting a 0.7% month-on-month increase in August.
Estonia: Industrial output continues sliding in August
October 1, 2019
Industrial output fell 2.5% in annual working-day adjusted terms in August, compared to a sharper 5.5% year-on-year (previously reported: +5.3%) contraction in July.
Estonia: Inflation rises in August
September 6, 2019
Consumer prices rose 0.7% over the previous month in August, contrasting a 0.1% month-on-month drop in July.
Estonia: Industrial production slumps at the sharpest rate in nearly four years in July
September 2, 2019
Industrial output fell 5.3% in annual working-day adjusted terms in July, compared to a slightly softer 3.8% year-on-year (previously reported: +3.2%) dip in June.
Estonia: Growth slows in Q2
August 30, 2019
The economy grew 3.6% in annual terms in the second quarter, decelerating markedly from the first quarter’s 5.0% expansion, according to a comprehensive estimate released by Estonia’s Statistical Institute on 30 August.
© Copyright: 2019 | Estonia Economy | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
