Estonia Industry


Estonia: Industrial production falls in April

June 2, 2015

In April, industrial production decreased a working-day adjusted -0.1% over the same month last year, which contrasted the 1.3% rise tallied in March (previously reported: +1.4% year-on-year). According to Statistics Estonia, April’s slight contraction reflected a deterioration in the energy production sector. Conversely, production in the mining and manufacturing sectors improved in April.

A month-on-month assessment shows that industrial output swung from a 0.6% contraction in March to a 1.1% increase in April. Despite the increase, the overall trend declined in April, with annual average growth in industrial production falling from March’s 3.4% to 3.0%.

FocusEconomics Consensus Forecast panelists foresee industrial production growing 3.4% in 2015, which is unchanged from the previous month’s projection. In 2016, the panel expects industrial production to increase 3.8%.

Author:, Economist

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Estonia Industry Chart

Estonia Industry April 2015 1

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

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