Industrial production in Estonia grew by 0.4 percent year-on-year in June 2022, slowing sharply from a 4.8 percent growth a month earlier and pointing to the softest increase since a contraction in February 2021. Among the activities with the largest shares, there was an increase in production in the manufacture of electronic products (6.2%) and shale oil (15.9%). At the same time, output fell in the manufacture of fabricated metal products (7.6%), building materials (5.5%), food products (1.7%), and wood (8.1%). On a seasonally adjusted monthly basis, industrial output dropped by 1.6 percent in June, the second straight month of fall, after a 0.3 percent decline in May. source: Statistics Estonia
Industrial Production in Estonia averaged 5.31 percent from 2001 until 2022, 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 2022.
Industrial Production in Estonia is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Estonia Industrial Production is projected to trend around 2.80 percent in 2023, according to our econometric models.