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Estonia Industrial production April 2024

Estonia: Industrial output records quickest growth since August 2022 in April

Industrial output rose 2.7% year-on-year in seasonally and calendar adjusted terms in April, which contrasted March’s 12.4% decrease. The figure marked the best reading since August 2022. The turnaround was largely due to an improvement in manufacturing and mining and quarrying output.

On a seasonally adjusted monthly basis, factory output fell 1.5% in April (March: +1.2% mom). Meanwhile, the trend improved, with the annual average variation of industrial production coming in at minus 10.0%, up from March’s minus 11.8%.

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