Estonia Industry January 2019


Estonia: Industrial output growth eases in January

March 5, 2019

According to Statistics Estonia, annual working day-adjusted industrial production growth slowed from 5.4% in December to 4.7% in January. January’s print reflected yet another impressive expansion of the energy sector which, coupled with sustained manufacturing output growth, more than offset a contraction in the mining sector.

On a seasonally-adjusted month-on-month basis, industrial production rose 0.9% in January, compared to a 0.3% drop in December. Meanwhile, the annual average growth in industrial production moderated from 4.1% in December to 3.9% in January.

Estonia Industrial Production Forecast

FocusEconomics Consensus Forecast participants see industrial output expanding 4.1% in 2019, up 0.2 percentage points from last month’s estimate. In 2020, industrial production is expected to grow 4.1%.

Author:, Research Team Manager

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Estonia Industry Chart

Estonia Industry January 2019

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

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