Estonian Industrial Output Rebounds in August

Manufacturing

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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.

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