Estonian Industrial Output Shrinks at Faster Pace in August

Manufacturing

Estonia's industrial production dropped 11.9% year-on-year in August, following a 9.5% fall in the prior month, data from the Tallinn-based Statistics Estonia (SE) showed on Wednesday.

It was the fifteenth straight month of contraction in industrial production, as output fell for all sectors: manufacturing (-9.3% vs -7% in July), mining & quarrying (-41.5% vs -20.7%), and electricity, gas, steam & air-conditioning supply (-26.2% vs -33.6%).

On a seasonally adjusted monthly basis, industrial production grew 2.2% in August, the first increase in three months, rebounding from an upwardly revised 3.8% drop in the previous month. 

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