Estonia Industrial production January 2017


Estonia: Industrial output expands at start of the year

February 3, 2017

According to Statistics Estonia, industrial production expanded a working-day adjusted 6.7% over the same month last year in January, which followed the revised 9.5% increase registered in December (previously reported: +10.0% month-on-month). A double-digit expansion in mining and a strong expansion in manufacturing were behind January’s increase.

A seasonally adjusted month-on-month assessment shows that industrial production swung from a revised 1.2% expansion in December (previously reported: -1.7% year-on-year) to a soft 0.2% expansion in December. Meanwhile, the annual average variation in industrial production picked up from a 1.9 expansion in December to 2.4% in January.

FocusEconomics Consensus Forecast panelists expect industrial production to grow 3.3% in 2017, which is unchanged from last month’s projection. The panel foresees industrial production increasing 3.4% in 2018.

Author: Jean-Philippe Pourcelot, Economist

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Estonia Industrial production Chart

Estonia Industry January 2017

Note: Year-on-year changes and annual average growth of industrial production index in %.
Source: Statistics Estonia and FocusEconomics calculations.

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