Estonia Industry


Estonia: External demand boosts industrial production in April

May 31, 2011

In April, industrial production expanded a working-day adjusted 31.8% over the same month the year before, slightly below the 33.5% increase observed in March. External demand for Estonian products boosted output as, according to Statistics Estonia, almost three quarters of manufactured goods were sold in foreign markets. Moreover, a strong reading continued to benefit from a favourable base effect from April 2010, when output increased a relatively moderate 17.6% and represented the 13th straight month of double-digit growth in industrial activity. The April expansion was broad-based across all sectors that compose the industrial production index, however, manufacturing continued to have the most significant impact, surging 37.7% year-on-year. On a monthly basis, industrial production remained flat over the previous month on a seasonally and working-day adjusted basis, which contrasted a 3.14% rise in March. Owing to the resilience of industrial activity, annual average growth increased from 27.0% in March to 28.1% in April and the trend suggests that growth in production is set to remain in an expansionary phase over the coming months.


Sample Report

Looking for forecasts related to Industry in Estonia? Download a sample report now.


Estonia Economic News

More news

Search form