Industry in Estonia

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Estonia - Industry

Industrial output dives in September

Industrial output slumped 4.8% in annual working-day adjusted terms in September, following a milder 2.8% year-on-year contraction in August (previously reported: -2.5% year-on-year). September’s result, which marked the fourth consecutive monthly contraction, largely reflected yet another drastic fall in mining as well as energy production.

Meanwhile, the all-important manufacturing sector slipped into contractionary territory in September, contrasting a moderate expansion in August. The downturn largely reflected shrinking production of furniture, fabricated metal products and chemical products which more than offset soaring production of computers, electronic and optical products.

On a seasonally-adjusted month-on-month basis, industrial production fell 1.5% in September, contrasting the 3.6% increase in August. Meanwhile, annual average growth in industrial output fell to a near three-year low of 0.9% in September, from 1.5% in August.

FocusEconomics Consensus Forecast participants see industrial output expanding 2.4% in 2020, down 0.1 percentage points from last month’s estimate. In 2021, industrial production is expected to grow 3.7%.

Estonia - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)4.1  3.9  0.3  3.4  4.0  

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Estonia Industry Chart


Estonia Industry
Note: Annual variation of industrial production in %.
Source: Statistics Estonia.

Estonia Facts

ValueChangeDate
Exchange Rate1.100.65 %Sep 04
Stock Market1,235-0.38 %Sep 04

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