Industrial production in Estonia rose by 15.9 percent year-on-year in May 2021, easing from a downwardly revised 16.9 percent increase in the previous month, amid a low base effect from last year, due to the impact of the spread of the coronavirus. Production increased by 7.2 percent in the energy sector and by 18.5 percent in manufacturing, but dropped by 12.5 percent in mining and quarrying. On a seasonally adjusted monthly basis, industrial output fell by 1.5 percent in May, reversing from an upwardly revised 4.4 percent rise in the prior month. source: Statistics Estonia
Industrial Production in Estonia averaged 4.94 percent from 2001 until 2021, 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 August of 2021.
Industrial Production in Estonia is expected to be 3.10 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 2.10 in 12 months time. In the long-term, the Estonia Industrial Production is projected to trend around 3.20 percent in 2022 and 2.80 percent in 2023, according to our econometric models.