Estonia's industrial production fell by 5.4 percent year-on-year in August 2020, following a downwardly revised 0.2 percent drop in the previous month. It was the sixth straight month of decline in industrial production, amid the corononavirus pandemic. On a monthly basis, industrial production dropped 2.1 percent.
Industrial Production in Estonia averaged 4.90 percent from 2001 until 2020, reaching an all time high of 36.90 percent in October of 2010 and a record low of -32.90 percent in April of 2009. This page provides - Estonia Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Estonia Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Industrial Production in Estonia is expected to be -5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Estonia to stand at 5.80 in 12 months time. In the long-term, the Estonia Industrial Production is projected to trend around 7.00 percent in 2021 and 5.00 percent in 2022, according to our econometric models.