Estonia's industrial production decreased for the fourth consecutive month in June, mainly reflecting a sharp fall in mining output, data released by Statistics Estonia showed Tuesday.
Industrial production declined 1.4 percent on an annual basis in June, faster than the 0.5 percent decrease recorded in May. The latest fall was the fourth in a row.
Mining production plunged 30.5 percent annually during the month, while manufacturing output moved up 1.9 percent. Energy production was lower by 10.8 percent compared to a year earlier.
On a working-day adjusted basis, overall industrial output declined 3.9 percent year-on-year in June, the agency said.
Month-on-month, output in the industrial sector decreased a seasonally and working-day adjusted 1.6 percent in June, reversing the previous month's 1.3 percent increase, data showed.
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org