RSS Estonian Industrial Output Falls 0.1%

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 RSS Estonian Industrial Output Falls 0.1%

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Estonia experienced a slight decline in industrial output during November, primarily attributed to a drop in electricity production, according to data released on Monday by Statistics Estonia.

When adjusted for the calendar, industrial production fell by 0.1% year-on-year in November, following a stagnant performance in the preceding month.

Focusing on key sectors, electricity production experienced a substantial decline of 15.3% over the year, while mining output fell by 2.3%. In contrast, manufacturing output saw an increase of 1.5%.

On a seasonally adjusted monthly basis, industrial production expanded at a more robust pace, growing by 2.8% in November. This contrasts with a 1.5% decline recorded in the previous month.

Without any adjustments, the annual industrial output in November contracted by 2.5%, counteracting the 2.5% growth observed in October.

The material has been provided by InstaForex Company - www.instaforex.com
 
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