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Estonian Industrial Production Plunges in July

Manufacturing

Image by Pixabay

Estonia's industrial production shrank at a softer pace of 9.5% year-on-year in July, from an upwardly revised 12.6% fall in the prior month, data from the Tallinn-based Statistics Estonia (SE) showed on Monday.

Production has been falling since June last year. Among the main sectors, electricity production decreased the most by 33.6% over the year, followed by mining with a 20.7% drop.

Output produced in the manufacturing sector was 7% lower. On a seasonally adjusted monthly basis, industrial production sharply dropped to 3.7% in July from a downwardly revised 1.6% fall in the previous month. 

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