Estonia: Industrial production falls at a softer clip in June
Latest reading: Industrial production was down 2.3% in annual terms in June, following a 5.3% drop in the prior month.
Relative to the previous month’s figures, the reading for manufacturing improved in June (-2.8% on a year-on-year basis vs -6.0% in May). In contrast, the reading for mining and quarrying softened in June (+26.7% vs +39.8% in May).
On a seasonally adjusted month-on-month basis, industrial production declined 2.2% in June, following a 0.3% fall in the previous month.