Industry in Estonia
Estonia - Industry
Industrial production falls at the sharpest rate in over three years in June
Industrial output fell 3.8% in annual working-day adjusted terms in June, contrasting a 1.2% year-on-year increase in May. June’s reading marked the worst result since December 2015 and chiefly reflected a profound slump in mining as well as energy production.
Meanwhile, manufacturing output expanded slightly in June, softening the overall decline somewhat, thanks to booming production of computers, electronic and optical products, as well as a jump in the manufacture of machinery and equipment.
On a seasonally-adjusted month-on-month basis, industrial production slumped 5.7% in June, the worst result in over five years, following a mild 0.3% increase in May. Meanwhile, annual average growth in industrial output fell to a one-year low of 2.9% in June, from 3.3% in May.
FocusEconomics Consensus Forecast participants see industrial output expanding 3.3% in 2019, down 0.3 percentage points from last month’s estimate. In 2020, industrial production is expected to grow 2.8%.
Estonia - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 4.1 | 3.9 | 0.3 | 3.4 | 4.0 |
Estonia Industry Chart
Source: Statistics Estonia.
Estonia Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.11 | 0.65 % | Jul 31 |
| Stock Market | 1,268 | -0.38 % | Jul 31 |
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Economic News
Estonia: Inflation slips to a five-month low in July
August 12, 2019
Consumer prices fell 0.1% from the previous month in July, contrasting a 0.2% uptick in June and marking the first contraction since January 2019.
Estonia: Industrial production falls at the sharpest rate in over three years in June
July 31, 2019
Industrial output fell 3.8% in annual working-day adjusted terms in June, contrasting a 1.2% year-on-year increase in May.
Estonia: Inflation dives in June
July 12, 2019
Consumer prices rose 0.2% from the previous month in May, unchanged from the previous month’s result.
Estonia: Industrial productions increases in May
July 4, 2019
Industrial production rose 1.2% in annual working-day adjusted terms in May, contrasting a 0.3% year-on-year dip in April, which marked the first contraction since November 2017.
Estonia: Inflation inches down in May
June 14, 2019
Consumer prices rose 0.2% from the previous month in May, decelerating markedly from April’s 1.3% rise—which had marked the strongest monthly increase in over two years.
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