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Estonia's Industrial Output Growth Quickens In November

1/4/2013 1:18 AM ET

Estonia's industrial production increased at a faster rate in November, driven mainly by a sharp growth in output of electronic products, data released by Statistics Estonia showed Friday.

Industrial production, on an unadjusted basis, increased 6.5 percent year-on-year in November, faster than the 5.4 percent gain seen in October. In September, production had increased by 3.3 percent.

Output in the manufacturing sector grew 8.3 percent annually, helped by a significant growth in the production of computer, electronic and optical products that almost doubled compared to last year. Meanwhile, mining output and energy production decreased by 6.2 percent and 2.4 percent respectively.

On a monthly basis, industrial output advanced a seasonally adjusted 4.7 percent in November, reversing the 5.5 percent decline seen in the previous month, data showed.

by RTT Staff Writer

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