Estonia Industrial Output Falls at Softer Pace in April
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Estonia's industrial production shrank 4.7% year-on-year in April, marking the 20th consecutive month of contraction in industrial activity, although easing from a downwardly revised 5.6% fall in the previous month, data realized by Tallinn-based Statistics Estonia (SE) on Wednesday show.
Output accelerated for mining & quarrying (3.6% vs 0.4% in March), while it rebounded for electricity, gas, steam & air conditioning supply (10.1% vs -4.4%).
At the same time, output fell at softer pace for manufacturing (-5.7% vs -6.3%).
On a seasonally adjusted monthly basis, industrial production tumbled 1.5% in April, reversing a downwardly revised 1.1% rise in the prior month.
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