Latest reading: Industrial output declined 1.2% month-on-month in seasonally adjusted terms in July (June: +2.1% mom). The result marked the...
Industrial Production in Estonia
The Estonian economy recorded an average industrial production growth rate of 2.0% in the decade to 2024. In 2024, industrial production growth was -4.0%. For more industry information, visit our dedicated page.
Estonia Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Estonia from 2024 to 2015.
Source: Macrobond.
Estonia Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -3.0 | 13.3 | 1.8 | -9.7 | -3.4 |
Industrial output growth slows in July
Latest reading: Industrial output expanded 0.7% year on year in seasonally and calendar-adjusted terms in July, which was a deterioration from June's 4.1% increase. The moderation was largely driven by slowing growth in manufacturing. Meanwhile, mining and quarrying output contracted at a softer pace. On a monthly basis, industrial production dove 5.5% in seasonally adjusted terms in July, which was well below June’s 1.3% fall and marking the worst result since January. Meanwhile, annual average of industrial production was 0.3% in July, mirroring June's reading.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Estonian industry projections for the next ten years from a panel of 6 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Estonian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Estonian industry projections.
Want to get access to the full dataset of Estonian industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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