Estonia industrial production growth slows in April
Estonia's industrial production increased at a softer pace in April, led by growth in manufacturing and electricity production amid a slump in the mining output, according to data released by Statistics Estonia (SE).
Industrial production grew a working-day adjusted 3.8% year-on-year in April, after a 7.8% increase in the previous month. Manufacturing output increased 3.7% annually in April, while production in mining fell 13%.
Electricity production grew 9.6%. Manufacture of electronic products, building materials, food products and wood logged gains. Production of fabricated metal products and furniture decreased. Export sales, which accounted for 66.8% of total manufacturing, rose 20.9% annually. Domestic sales grew 29%.
On a seasonally adjusted basis, industrial production rose 0.8% monthly in April and manufacturing gained 0.9%.
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