Estonia Business Confidence  Forecast


Business Confidence in Estonia is expected to be 108.28 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Estonia to stand at 106.13 in 12 months time. In the long-term, the Estonia Business Confidence is projected to trend around 103.67 in 2020, according to our econometric models.


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Estonia Business Last Q4/17 Q1/18 Q2/18 Q3/18 2020
Business Confidence 109 108 108 107 106 104
Industrial Production 4.6 4.4 3.48 4 4.45 1.8
Industrial Production Mom 0 2.1 0.34 0.4 0.42 0.7
Manufacturing Production 10.1 8.31 7.67 7.16 6.76 5.47
Capacity Utilization 73.9 73.73 72.73 72.31 71.76 69.29
Changes in Inventories -89.25 25.22 102 -22.57 46.41 18.04
Car Registrations 1975 1877 1809 1749 1697 1464
Cement Production 57.2 52.95 48.6 46.39 45.75 45.94
Competitiveness Index 4.85 4.8 4.8 4.8 4.8 4.86
Competitiveness Rank 29 28 28 28 28 33
Corporate Profits 632740 613772 603695 654153 649038 618492
Ease of Doing Business 12 15 16 17 18 21
Electricity Production 986 975 989 989 987 987
Corruption Index 70 69 69 69 69 67
Corruption Rank 22 26 26 27 28 29
Mining Production 95.5 32.43 26.58 20.8 16.62 6.82