Plus   Neg

Estonia Records Slower GDP Growth In Q4

The Estonian economy expanded at a slower pace in the fourth quarter, preliminary data released by Statistics Estonia showed Monday.

Gross domestic product (GDP) increased a seasonally and working-day adjusted 0.9 percent sequentially in the fourth quarter, slower than the 1.6 percent gain seen in the third quarter.

The deceleration in growth was drive by a slump in value added in agriculture, forestry and fishing and estate activities.

Contributing significantly to the overall growth, the value added in information and communication increased notably during the three-month period, with stable retail sales supporting the upturn in trade.
The contribution of the industrial sector to growth was led by manufacturing.

Year-on-year, GDP advanced a working-day adjusted 3.7 percent during the final three months of 2012, following third quarter's 3.5 percent increase.

In the whole of 2012, the economy expanded 3.2 percent compared to the previous year, the agency said.

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