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Estonia Industrial production December 2021

Estonia: Industrial output growth improves in December

Industrial output increased 7.6% year-on-year in seasonally- and calendar-adjusted terms in December, which followed November’s 6.4% increase. December’s reading was largely due to an improvement in manufacturing and electricity output growth. In contrast, mining and quarrying production fell heavily.

On a monthly basis, industrial production rose 2.2% in seasonally-adjusted terms in December, which was below November’s 2.6% expansion. Meanwhile, annual average industrial production growth rose to 6.2% in December (November: +5.7%), which marked a two-year high.

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