Estonian GDP Growth Slows in Q2
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Estonia's economic growth eased notably in the second quarter amid rising inflation, figures from Statistics Estonia (SE) showed on Wednesday.
Gross domestic product (GDP) rose 0.6% year-on-year in the June quarter, well below the 4.5% increase in the March quarter.
On the expenditure side, investment logged a sharp fall of 23.3% from last year, due to a decrease in enterprises' investments in computer software and databases.
Private consumption growth slowed to 4.8% in the June quarter from a year ago.
Exports dropped 0.4%, while imports rose 5.6%, strongly influenced by trade in electricity, coke and petroleum products, and crude oil and natural gas.
On a seasonally adjusted basis, GDP contracted 1.3% compared with the previous quarter, while it grew 0.3% from the same period last year.
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