World Economy

Estonia’s Industrial Output Grows 7%

Estonia’s Industrial Output Grows 7%Estonia’s Industrial Output Grows 7%

The production of Estonia’s industrial enterprises in September increased 7% compared to September of last year, while the export sales of manufacturing production rose 10%, news.err reported. Production increased in manufacturing and the energy sector but decreased in mining and quarrying while manufacturing production rose 5% compared to September 2015, Statistics Estonia reported on Monday. Production growth was broad-based—it surpassed the volume of the previous year in two-thirds of industry branches. The growth in production could mostly be credited to an increase in the manufacture of electrical equipment, chemical products and textiles. Production also increased in the manufacture of wood products, building materials and motor vehicles. Production fell, however, in the manufacture of electronic, food and metal products. In September of this year, 71% of all manufacturing production was sold on the external market. According to unadjusted data, export sales of manufacturing production rose 10% and domestic sales 1% compared to figures from September 2015.


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