Industrial production in Estonia declined by 6.4 percent year-on-year in July 2022, compared with a downwardly revised flat reading a month earlier. The latest print marked the first drop in industrial output since February 2021, weighed down by the manufacture of wood (-16.3 percent), fabricated metal products (-11.9 percent), building materials (-8.5%), and electrical equipment (-2.9%). In contrast, there were rises in the manufacture of electronic products (10.4%), food products (3.4%), and shale oil (9.1%). On a seasonally adjusted monthly basis, industrial output dropped by 7.4 percent in July, the third straight month of fall, after a revised 2.0 percent decrease in June. source: Statistics Estonia
Industrial Production in Estonia averaged 5.36 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 September 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.