Estonia: Industrial production expands robustly in September
October 31, 2016
According to Statistics Estonia, industrial production expanded a working-day adjusted 6.5% over the same month last year in September, which came in above the revised 0.9% expansion registered in August (previously reported: +1.0% year-on-year). September’s print, which marks an almost-two year high, came on the back of an expansion in energy production and manufacturing, which more than offset a decline in mining output. September’s print marks the third consecutive expansion in industrial production and the fourth rise since April 2015.
A seasonally-adjusted month-on-month assessment shows that industrial production swung from August’s 0.5% drop to a 5.1% expansion in September. Meanwhile, the annual average variation in industrial production edged up from minus 2.4% in August to minus 1.6% in September. September’s print marks the highest reading in ten months.