Estonian Industrial Output Shrinks in September

Manufacturing

Image by Pixabay

Estonia's industrial production shrank 12.5% year-on-year in September, slipping further from an 11.9% fall in the previous month, figures from Tallinn-based Statistics Estonia (SE) on Friday show.

It was the sixteenth consecutive month of contraction in industrial activity and the steepest since June, as output continued to decline for both manufacturing (-9.3% vs -7.1% in August) and electricity, gas, steam & air-conditioning supply (-26.2% vs -33.6%).

On the other hand, output decreased less for mining & quarrying (-0.3% vs -41.5%).

On a seasonally adjusted monthly basis, industrial activity tumbled 2.9% in September, following a 2.2% growth in the previous month. 

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