Estonia: GDP growth eases in Q3
November 11, 2015
According to the flash estimate released by Statistics Estonia (SE) on 11 November, the Estonian economy increased 0.5% in Q3 2015 over the same quarter last year. The result marked a deceleration from the 1.9% growth tallied in Q2. According to SE, growth was driven by an increase in the real estate sector. Manufacturing and trade activities, often the main contributors to GDP growth, tallied close to flat growth in this quarter.
In seasonally- and working-day adjusted terms, GDP dropped 0.5% quarter-on-quarter in Q2, which contrasted the 0.7% expansion tallied in the second quarter (previously reported: +0.8%). More detailed data for national accounts will be released on 9 December.