Industry in Estonia

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Estonia - Industry

Industrial output growth remains solid in December

According to Statistics Estonia, annual working day-adjusted industrial production growth moderated to 5.8% in December from 7.8% in November, which had marked the strongest expansion in 17 months. December’s print reflected an impressive expansion in the energy sector which, coupled with healthy manufacturing output growth, more than offset yet another contraction in the mining sector.

On a seasonally-adjusted month-on-month basis, industrial production fell 0.1% in December, compared to near three-year high growth of 4.5% in November. Meanwhile, the annual average growth in industrial production moderated from 4.4% in November to 4.3 in December.

FocusEconomics Consensus Forecast participants see industrial output expanding 4.1% in 2019, up 0.2 percentage points from last month’s estimate. In 2020, industrial production is expected to grow 4.1%.

Estonia - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)4.4  4.3  -2.2  2.6  8.0  

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Estonia Industry Chart

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

Estonia Facts

Exchange Rate1.130.65 %Feb 20
Stock Market1,215-0.38 %Feb 20

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