Money in Estonia
Estonia - MoneyAfter surpassing pre-pandemic levels in Q2, the economy likely lost momentum in Q3, partly as a result of a less favorable base effect. Accordingly, available data is somewhat downbeat overall: Industrial production lost significant steam in July–August, as producer prices grew at rates not seen since 1996 amid increasing energy costs. Meanwhile, despite improving slightly in sequential terms, foreign tourist arrivals remained down on an annual basis in the first two months of the quarter. On a brighter note, unemployment was lower in the same period and economic sentiment rose slightly throughout Q3. Turning to Q4, the inoculation campaign is advancing solidly, with 56% of the population fully vaccinated by late October, which looks promising for domestic activity ahead. That said, higher energy prices on average will likely hamper momentum in the final stretch of the year.
Estonia - Money Data
|Money (annual variation in %)||11.6||9.5||5.8||10.5||9.5|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||1.12||0.65 %||Dec 31|
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Estonia: Inflation comes in at highest level since December 2008 in September amid higher electricity prices
October 7, 2021
Consumer prices rose 1.22% in September over the previous month, picking up from August's 0.72% rise.
October 1, 2021
Industrial output grew 4.4% year-on-year in seasonally- and calendar-adjusted terms in August, which followed July's 9.3% increase.
September 9, 2021
Consumer prices rose 0.72% in August over the previous month, moderating from July's 1.09% increase.
September 2, 2021
Industrial output expanded 9.9% year-on-year in seasonally- and calendar-adjusted terms in July, which followed June's 10.8% increase.
Estonia: GDP growth records best reading since Q4 1997 in Q2, partly supported by a favorable base effect
August 31, 2021
GDP growth gained traction to 12.9% year-on-year in the second quarter, from 4.1% in the first quarter.