Estonia Industrial Output Declines Further in April

Industrial production in Estonia fell 3.0% year-on-year in May 2026, marking a fourth consecutive month of contraction in industrial activity, though the pace eased from 3.8% decline in the previous month. Output in electricity, gas, steam, and air conditioning supply remained a major drag (-22.9% vs. -14.9% in April). Manufacturing output also weakened further (-3.5% vs. -3.2%), weighed down by repair and installation of machinery and equipment (-40.5%), coke and refined petroleum products (-38.7%), computers and peripheral equipment (-75.0%), and grain mill products, starches and starch products (-13.9%). In contrast, mining and quarrying surged 39.9%, accelerating from 15.7% in April. On a monthly basis, industrial activity slipped by 0.2%, reversing an upwardly revised 1.3% increase in the previous month.

Industrial production in Estonia fell 3.8% year-on-year in April 2026, after a revised 2.9% drop in the previous month, marking the lowest level since August 2024. Output in electricity, gas, steam, and air conditioning supply continued to contract, though the decline eased (-14.9% vs. -19.5% in March), while manufacturing output remained in contraction and deteriorated further (-3.2% vs. -0.9% in March), weighed down by computers and peripheral equipment (-99.0%), coke and refined petroleum products (-27.3%), dairy products (-12.1%), other food products (-11.4%), prepared animal feeds (-16.0%), and food products (-8.0%). In contrast, mining and quarrying stood out, accelerating sharply (14.3% vs. 5.9% in March). On a monthly basis, industrial activity rose by 1.2%, reversing a 2.5% drop in the preceding period.

Industrial production in Estonia fell 3.1% year-on-year in March 2026, after a 0.5% drop in the previous month, marking the lowest level since December 2024. Output declined sharply in electricity, gas, steam, and air conditioning supply (-19.5% vs 4.0% in February), while manufacturing remained in contraction (unchanged at -1.2%), weighed down by food products (-4.1%), leather and related products (-19.5%), paper and paper products (-10.4%), coke and refined petroleum products (-21.8%), basic and pharmaceutical products and preparations (-15.3%), and furniture (-7.6%). In contrast, production accelerated in mining and quarrying (5.9% vs 0.1%). In the energy sector, the volume of production measured in megawatt-hours of electricity slumped by 23.6%, while heat output fell by 9.6% year-on-year in March, as weather conditions were warmer than usual. On a monthly basis, industrial activity declined by 2.5%, following a 0.7% drop in the preceding period.