Estonia's industrial production increased at a notably faster rate in March, helped mainly by higher output of electronic products and electricity, data released by Statistics Estonia showed Tuesday.
Industrial production increased a working-day adjusted 7.1 percent year-on-year in March, notably faster than the 1.8 percent gain seen in February. The faster growth in the production was driven mainly by electronic products and electricity.
Production in the energy sector surged 29.9 percent from a year earlier, and manufacturing production rose by 5 percent. Meanwhile, mining production decreased 1.8 percent annually in March.
On an unadjusted basis, industrial output moved up 2 percent on an annual basis in March, the agency said.
Month-on-month, industrial output advanced a seasonally adjusted 3.9 percent, reversing the 3.4 percent decrease seen in February.
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org
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.