Estonian Industrial Output Shrinks in September
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.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.