Estonian Industrial Output Rebounds in August

Manufacturing

Image by Pixabay

Industrial production in Estonia grew by 0.8% year-on-year in August, rebounding from a 6.4% drop a month earlier, data from Statistics Estonia (SE) showed on Monday.

The latest print marked the first increase in industrial output since May, boosted by the manufacture of electronic products (9%), shale oil (20.3%), and machinery and equipment (19.2%).

In contrast, there were declines in the manufacture of wood (-9.5%), fabricated metal products (-11%), and building materials (-12%). On a seasonally adjusted monthly basis, industrial output expanded by 5%

in August, the most in five months, recovering sharply from an upwardly revised 7.5% drop in July.

ADVERTISEMENT

Greece, Bulgaria, Romania, Hungary Agree to Nat Gas Vertical... Energy Trade

Greece, Bulgaria, Romania, Hungary Agree to Nat Gas Vertical...

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Home Loan Rates Climb Over 10% Residential

Home Loan Rates Climb Over 10%

Countries Exchange Experiences for Better Production of Catt... Conferences

Countries Exchange Experiences for Better Production of Catt...

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.