Estonia Industry February 2019

Estonia

Estonia: Industrial production growth rises in February

March 28, 2019

According to Statistics Estonia, annual working day-adjusted industrial production growth edged up to 4.5% in February from 4.1% in January. The latest print was underpinned by a marked acceleration in manufacturing production and a notable rebound in the mining sector. This more than offset a notable contraction in energy output, which contrasted a significant upturn in the previous month.

On a seasonally-adjusted month-on-month basis, industrial production declined 1.1% in February, contrasting a 0.3% rise in January. Meanwhile, the annual average growth in industrial output inched up to 4.0% in February from 3.9% in January.

FocusEconomics Consensus Forecast participants see industrial output expanding 4.4% in 2019, up 0.4 percentage points from last month’s estimate. In 2020, industrial production is expected to grow 3.4%.


Author:, Economist

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Estonia Industry February 2019 0

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


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