Industry in Estonia
Estonia - Industry
Industrial output dives in September
Industrial output slumped 4.8% in annual working-day adjusted terms in September, following a milder 2.8% year-on-year contraction in August (previously reported: -2.5% year-on-year). September’s result, which marked the fourth consecutive monthly contraction, largely reflected yet another drastic fall in mining as well as energy production.
Meanwhile, the all-important manufacturing sector slipped into contractionary territory in September, contrasting a moderate expansion in August. The downturn largely reflected shrinking production of furniture, fabricated metal products and chemical products which more than offset soaring production of computers, electronic and optical products.
On a seasonally-adjusted month-on-month basis, industrial production fell 1.5% in September, contrasting the 3.6% increase in August. Meanwhile, annual average growth in industrial output fell to a near three-year low of 0.9% in September, from 1.5% in August.
FocusEconomics Consensus Forecast participants see industrial output expanding 2.4% in 2020, down 0.1 percentage points from last month’s estimate. In 2021, industrial production is expected to grow 3.7%.
Estonia - Industry Data
|Industrial Production (annual variation in %)||4.1||3.9||0.3||3.4||4.0|
5 years of economic forecasts for more than 30 economic indicators.
Estonia Industry Chart
Source: Statistics Estonia.
|Exchange Rate||1.10||0.65 %||Sep 04|
|Stock Market||1,235||-0.38 %||Sep 04|
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November 8, 2019
Consumer prices fell 0.1% over the previous month in October, following a 0.2% month-on-month decrees in September.
October 31, 2019
Industrial output slumped 4.8% in annual working-day adjusted terms in September, following a milder 2.8% year-on-year contraction in August (previously reported: -2.5% year-on-year).
October 8, 2019
Consumer prices fell 0.2% over the previous month in September, contrasting a 0.7% month-on-month increase in August.
October 1, 2019
Industrial output fell 2.5% in annual working-day adjusted terms in August, compared to a sharper 5.5% year-on-year (previously reported: +5.3%) contraction in July.
September 6, 2019
Consumer prices rose 0.7% over the previous month in August, contrasting a 0.1% month-on-month drop in July.