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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December 1, 2022
Industrial output fell 5.8% year on year in seasonally and calendar-adjusted terms in October (September: -7.9% ).
November 7, 2022
Harmonized inflation came in at 22.5% in October, which was down from September’s 24.1%.
November 1, 2022
Industrial output sank 7.5% year-on-year in seasonally and calendar-adjusted terms in September, which contrasted August's 0.7% increase.
October 7, 2022
Harmonized inflation came in at 24.1% in September, down from August’s 25.2%.
October 3, 2022
Industrial production grew 0.8% year on year in seasonally and calendar-adjusted terms in August (July: -6.5% ).