Plus   Neg

Estonia's Industrial Output Growth Quickens In November

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 RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Follow RTT