Estonian Industrial Output Shrinks in March
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Estonia's industrial production shrank 12.6% year-on-year in March, following an upwardly revised 7.5% fall in the previous month, data from the Tallinn-based Statistics Estonia (SE) showed on Thursday.
Output for electricity, steam & hot water supply continued to decline sharply by 18.5% (vs -4% in February).
At the same time, output further fell for both manufacturing (-11.9% vs -7.9%) and mining & quarrying (-14.9% vs -8.2%).
On a seasonally adjusted monthly basis, industrial output dropped 0.9% in March, easing from a downwardly revised 0.1% fall in the previous month.
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