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
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Industrial Production (annual variation in %) | 0.3 | 3.4 | 4.0 | 4.0 | -2.3 |
Estonia Industry Chart

Source: Statistics Estonia.
Estonia Facts
Value | Change | Date | |
---|---|---|---|
Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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