Estonian Industrial Production Plunges in July
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.
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.