Estonia Industry April 2019


Estonia: Industrial output dips in April

June 4, 2019

Industrial production fell 0.4% in annual working-day adjusted terms in April, contrasting a healthy 2.3% increase in March and marking the first contraction since November 2017. April’s deterioration was generally broad-based: Output in the energy and mining sectors continued to contract in double digits, while manufacturing production growth more than halved in the same month.

On a seasonally-adjusted month-on-month basis, industrial production fell 1.4%, contrasting the previous month’s 0.6% rise. Meanwhile, annual average growth in industrial output ticked down from 3.9% in March to 3.5% in April.

FocusEconomics Consensus Forecast participants see industrial output expanding 4.0% in 2019, from last month’s estimate. In 2020, industrial production is expected to grow 3.4%.

Author:, Economist

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Estonia Industry Chart

Estonia Industry April 2019

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

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