Estonia industrial production falls in November

Automotive

Photo by xtock / Shutterstock.com

Estonia industrial production declined for the sixth month in a row in November, data from Statistics Estonia (SE) showed on January 3. Industrial production declined a working-day adjusted 7.2% year-on-year in November, following a 3.9% fall in October.

Photo by xtock/Shutterstock.com

Manufacturing output decreased 3.5% in November. Among the other sub sectors, mining and energy production plunged 36% and 24.6%, respectively.

On a monthly basis, industrial production rose a seasonally adjusted 0.6% in November, the same as seen in the prior month.

Other data from the Tallinn-based statistics agency shows that Estoniaʼs retail sales rose in November, led by higher sales of textiles, clothing and footwear.

Retail sales excluding motor vehicles and motor cycles trade, rose an annual 4% in November. Stores selling manufactured goods grew 3% annually in the month.

The biggest gain of 12% was logged in stores selling textiles, clothing and footwear. Grocery sales grew 4% and sales of automotive fuel rose 3%. On a month-on-month basis, retail sales rose a seasonally and working-day adjusted 2% in November, SE said.

ADVERTISEMENT

Business confidence improves as consumer sentiment worsens Analysis

Business confidence improves as consumer sentiment worsens

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

New financial director at Heineken Hungária Appointments

New financial director at Heineken Hungária

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.