Industry in Estonia

Estonia Industry | Economic News & Forecasts

Estonia - Industry

Industrial production growth moderates in October

According to Statistics Estonia, annual industrial output growth fell to 1.7% in working day-adjusted terms in October, from 2.6% in the previous month. The print marked the weakest result since June 2016 and came on the back of moderate manufacturing and energy production growth more than offsetting a contraction in the mining sector output.

On a seasonally-adjusted month-on-month basis, industrial production rose 0.8% in October, rebounding from a 0.9% dip in September. Meanwhile, the annual average growth in industrial production moderated from 4.3% in September to 4.0% in October.

Estonia Industrial Production Forecast

FocusEconomics Consensus Forecast participants see industrial output expanding 3.8% in 2019, down 0.4 percentage points from last month’s estimate. In 2020, industrial production is expected to grow 4.2%.

Estonia - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)4.4  4.3  -2.2  2.6  8.0  

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Estonia Industry Chart

Estonia Industry
Note: Annual variation of industrial production in %.
Source: Statistics Estonia.

Estonia Facts

Exchange Rate1.130.65 %Dec 14
Stock Market1,193-0.38 %Dec 14

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