Estonia Industrial Output Fall Sharply on Year in May

Manufacturing

Estonia's industrial production continued its steep declining trend in May, though the pace of contraction softened from April, data from the Tallinn-based Statistics Estonia (SE) showed on Tuesday.

Industrial production plunged a calendar-adjusted 12.7% year-on-year in May, following a 15.8% slump in the previous month.

Production has been falling since June last year.

Among the main sectors, electricity production decreased the most by 31.5% year-on-year, followed by manufacturing with a 13.1% drop.

On the other hand, mining output recovered markedly, by 36.3%. On a seasonally adjusted basis, industrial production climbed 2.2% monthly in May, reversing a 2.2% decline in April. It was the first increase in five months.

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