Estonia industrial production, retail sales decline in May
Photo by Oscar Sweep / Shutterstock.com
Estonia’s industrial production and retail sales decreased in May, data from Statistics Estonia (SE) showed on Tuesday.
Industrial production declined a working-day adjusted 17.7% year-on-year in May, following a 16.9% fall in April.
Manufacturing output decreased by 17.3% annually in May.
Among the other sub-sectors, production in mining and energy declined 24.4% and 16.7%, respectively.
On a monthly basis, industrial production fell a seasonally and working-day adjusted 0.2% in May.
Separate data from the Tallinn-based statistical office showed that the retail sales declined 1% annually in May. On a monthly basis, retail sales rose a seasonally and working-day adjusted 9% in May.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.