Industry in Estonia
Estonia - Industry
Industrial output edges down in February
Industrial output fell 0.2% in annual working-day-adjusted terms in February, following a sharp 11.7% contraction in the opening month of the year and marking the softest contraction in output since May 2019. The improvement chiefly reflected a significant upturn in the all-important manufacturing sector which nearly offset sharp contractions in the mining and energy sectors.
On a seasonally-adjusted month-on-month basis, industrial production jumped 8.7% February, contrasting a 0.9% drop in the opening month of the year. Meanwhile, the average annual variation in industrial output slumped to an over 10-year low of minus 3.7% in Febraury, from the 3.3% fall in the previous month.
FocusEconomics Consensus Forecast participants see industrial output contracting 6.2% in 2020, which is down 7.6 percentage points from last month’s estimate. In 2021, industrial production is expected to grow 4.6%.
Estonia - Industry Data
|Industrial Production (annual variation in %)||0.3||3.4||4.0||4.0||-2.3|
5 years of economic forecasts for more than 30 economic indicators.
Estonia Industry Chart
Source: Statistics Estonia.
|Exchange Rate||1.12||0.65 %||Dec 31|
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May 6, 2022
Consumer prices rose 3.56% over the previous month in April, accelerating from March's 2.67% increase.
May 3, 2022
Industrial output expanded 7.9% year-on-year in seasonally- and calendar-adjusted terms in March, which followed February's 1.7% increase.
April 7, 2022
Consumer prices rose 2.67% from the previous month in March, picking up from the 1.45% increase logged in February.
April 6, 2022
Industrial output grew 1.7% year-on-year in seasonally- and calendar-adjusted terms in February (January: +2.4%).
March 10, 2022
Industrial output grew 1.4% year-on-year in seasonally- and calendar-adjusted terms in January, which followed December's 8.2% increase.