Estonia: Industrial production growth accelerates in November
January 4, 2013
In November, industrial production increased a working-day adjusted 6.5% over the same month the year before, which was well above the 0.4% increase observed in October (previously reported: +0.1% year-on-year). According to Statistics Estonia, November's reading reflected an increase in the manufacturing of electronic products.
On a monthly basis, industrial production rose a seasonally and working-day adjusted 4.7% in November, which contrasted the 5.5% decline tallied in October. Building on the stronger annual reading, annual average growth edged up from minus 1.0% in October to minus 0.6% in November.