Estonia's industrial production rose by 5.8 percent from a year earlier in December 2018, easing from a downwardly revised 7.8 percent gain in the previous month, as production of manufacturing expanded softer (5.3 percent vs 7.9 percent in November) while mining output fell more than in a month earlier (-8.2 percent vs -3 .2 percent). On the other hand, output of electricity, steam and hot water supply grew faster (12.5 percent vs 11.9 percent). On a monthly basis, industrial production edged down by 0.1 percent, compared to a 4.5 percent increased in November. Industrial Production in Estonia averaged 5.95 percent from 2001 until 2018, reaching an all time high of 36.80 percent in October of 2010 and a record low of -31.80 percent in April of 2009.
Industrial Production in Estonia is expected to be 2.20 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 2.70 in 12 months time. In the long-term, the Estonia Industrial Production is projected to trend around 2.40 percent in 2020, according to our econometric models.