Estonia: Industrial productions increases in May
July 4, 2019
Industrial production rose 1.2% in annual working-day adjusted terms in May, contrasting a 0.3% year-on-year dip in April, which marked the first contraction since November 2017. May’s rebound came on the back of stronger manufacturing output growth amid booming production of computers, electronic and optical products. This has more than offset notable contractions in the energy and mining sectors.
On a seasonally-adjusted month-on-month basis, industrial production edged up 0.3% in May, contrasting the previous month’s 1.4% fall. Meanwhile, annual average growth in industrial output fell from 3.5% in April to a seven-month low of 3.3% in May.
Author: Almanas Stanapedis, Economist