Industry in Estonia
Estonia - Industry
Industrial production accelerates in August
According to Statistics Estonia, annual industrial production growth in working day-adjusted terms accelerated in August, growing 5.6% following an annual expansion of 3.8% in July. An upturn in manufacturing output growth from 2.2% in July to 5.2% in August was behind the rise. Energy production remained strong, rising 23.0% year-on-year in the month, but marginally below July’s 24.0% expansion. On the other hand, the mining sector contracted more sharply compared to the previous month, with the rate of decline rising to 14.4% from July’s 2.5%.
On a seasonally-adjusted, month-on-month basis, industrial production rose 1.4%, contrasting four consecutive months of contraction; output declined 1.1% in July. Meanwhile, the annual average variation in industrial production remained stable at 4.3% in August.
FocusEconomics panelists industrial output to grow 5.1% in 2018, which is unchanged from last month’s forecast, and 4.2% in 2019, which is also unchanged from last month.
Estonia - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 4.4 | 4.3 | -2.2 | 2.6 | 8.0 |
Estonia Industry Chart
Source: Statistics Estonia.
Estonia Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.15 | 0.65 % | Oct 22 |
| Stock Market | 1,225 | -0.38 % | Oct 22 |
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Economic News
Estonia: Industrial production accelerates in August
October 1, 2018
According to Statistics Estonia, annual industrial production growth in working day-adjusted terms accelerated in August, growing 5.6% following an annual expansion of 3.8% in July.
Estonia: Inflation edges up in August
September 24, 2018
Consumer prices rose 0.5% over the previous month in August, up from July’s 0.1% uptick.
Estonia: Industrial production accelerates in July
September 3, 2018
According to Statistics Estonia, annual industrial production growth in working day-adjusted terms hit 3.7% in July, up from 2.5% in June.
Estonia: Growth accelerates in the second quarter
August 31, 2018
The Estonian economy accelerated in the second quarter, with GDP growing 3.7% on annual basis, according to comprehensive data released by Statistics Estonia on 31 August.
Estonia: Inflation eases in July
August 17, 2018
Consumer prices edged up 0.1% over the previous month in July, down from June’s 0.9% increase.
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