Estonia Industrial production February 2017

Estonia

Estonia: Industrial output expands in February

April 10, 2017

According to Statistics Estonia, industrial production expanded a working-day adjusted 9.0% over the same month last year in February, which followed the revised 6.9% increase registered in January (previously reported: +6.7% year-on-year). A double-digit expansion in mining and manufacturing were behind February’s solid growth.

A seasonally adjusted month-on-month assessment shows that growth in industrial production slowed from a 6.7% expansion in January to a 2.4% increase in February. Meanwhile, the annual average variation in industrial production picked up from 2.5% in January to 3.3% in February.

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 February 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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