Estonia Industrial Production Falls in July
Image by Shutterstock.com
Estonia's industrial production decreased in July as mining output and manufacturing logged a decline, data from the Tallinn-based Statistics Estonia (SE) showed on Friday.
Industrial production fell 6.4% year-on-year in July. Manufacturing output decreased 6.4% annually in July, following a 3% drop in the prior month.
Production in mining fell 17.5%, while electricity output rose 5.2%. Data showed that export sales in the manufacturing sector grew 15.7% annually in July and domestic sales rose 7.0%.
On a seasonally adjusted basis, industrial production declined 7.4% monthly in July. Manufacturing output decreased 5.2%.
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.