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Estonian Industrial Output Shrinks in April

Manufacturing

Estonia's industrial production shrank 15.1% year-on-year in April, following an upwardly revised 12.7% fall in the previous month, figures released from the Tallinn-based Statistics Estonia (SE) on Monday show.

It was the largest decline since May 2020, as both manufacturing (-14.7% vs -12% in March) and electricity, gas, steam & air-conditioning supply (-22% vs -18.5%) continued to contract.

Meanwhile, output for mining & quarrying fell softer (-9.1% vs -14.9%).

On a seasonally adjusted monthly basis, industrial production dropped 13.9% in April, shifting from an upwardly revised 15.8% growth in the previous month. 

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