Latest reading: Industrial output grew 5.8% compared to the same month a year earlier in May, which was a deterioration...
Industrial Production in Estonia
In the year 2024, the industrial production in Estonia was -4.03%, compared to 3.87% in 2014 and -9.70% in 2023. It averaged 1.97% over the last decade. 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 | -4.0 |
Industrial output growth slows in April
Latest reading: Industrial output increased 1.5% year on year in seasonally and calendar-adjusted terms in April (March: +3.5% yoy). Looking at the details of the release, mining output contracted, while manufacturing production increased at a faster pace in April, and mining and quarrying output fell at a softer rate. On a seasonally adjusted monthly basis, industrial output rebounded, rising 1.0% in April (March: -0.9% mom s.a.). Meanwhile, the trend pointed down, with the annual average variation of industrial production coming in at minus 2.1%, down from March's minus 2.0% 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.
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