Estonia: Industrial output surges in March
May 1, 2017
According to Statistics Estonia, industrial production expanded a sharp working-day adjusted 14.8% over the same month last year in March. The result, which followed the revised 8.9% increase registered in February (previously reported: +9.0% year-on-year), marks the best expansion since August 2011. Double-digit expansions in energy production, mining and manufacturing were behind the strong monthly reading.
A seasonally adjusted month-on-month assessment shows that growth in industrial production accelerated marginally from 2.3% in February to 2.4% in March. Meanwhile, the annual average variation in industrial production picked up from 3.3% in February to 4.9% in March, an almost two-year high.