Estonia: Industrial production slows in March
April 30, 2015
In March, industrial production increased a working-day adjusted 1.4% over the same month last year, which came in well below the 4.9% rise tallied in February. According to Statistics Estonia, March’s timid expansion reflected a deterioration in the energy and manufacturing sectors. Conversely, production in the mining sector improved in March.
A month-on-month assessment shows that industrial output swung from a 1.6% rise in February to a 1.0% contraction in March. Despite the decrease, the overall trend continued to improve in March, with annual average growth in industrial production rising from February’s 3.2% to 3.5%.