FOREX TradingCharts.com

Financial News: Estonia GDP Growth Eases In Q1

Estonia GDP Growth Eases In Q1

05/31/2022 - 07:58:00 (RTTNews)

(RTTNews) - Estonia's economy continued to expand robustly in the first quarter, though at a weaker pace than in the previous quarter amid rising prices, preliminary figures from Statistics Estonia showed on Tuesday.

Gross domestic product advanced 4.3 percent year-over-year in the March quarter, slower than the 8.7 percent rise in the December quarter.

This was the slowest rate of expansion since the March quarter last year, when GDP had grown only 3.8 percent.

"Enterprises have seen a strong growth in their turnover and other financial indicators, but the majority of this can be attributed to the very rapid increase in prices," Robert Müürsepp, leading analyst at Statistics Estonia, said.

The slowdown in annual economic growth was mainly due to a 1.01 percent fall in output of the energy sector.

Apart from this, GDP growth was also hindered by trade and the financial sector, which did not experience a decline during the pandemic, the agency said.

Among economic activities, information and communication had the biggest positive impact, which contributed 1.83 percent to GDP growth in the first quarter.

Private consumption grew notably by 8.3 percent over the year, while investments plummeted 35.3 percent. Both exports and imports grew by 12.9 percent and 4.4 percent, respectively.

On a seasonally adjusted basis, GDP rose 0.1 percent sequentially and expanded 4.7 percent annually in the first quarter.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Hungary Trade Balance Swings To Deficit (26 min(s), 59 sec(s) ago)
(RTTNews) - Hungary's trade balance swung to a deficit in April, as imports rose more than exp ...Full Story»

Poland Inflation Accelerates In June (22 min(s), 59 sec(s) ago)
(RTTNews) - Poland's consumer price inflation continued to increase in June, mainly driven by ...Full Story»

Austria Inflation Highest Since September 1975 (25 min(s), 59 sec(s) ago)
(RTTNews) - Austria's consumer price inflation rose to the highest level since September 1975, ...Full Story»

U.S. Construction Spending Unexpectedly Edges Down 0.1% In May (03 min(s), 59 sec(s) ago)
(RTTNews) - Reflecting a decrease in spending on public construction, the Commerce Department rele ...Full Story»

U.S. Manufacturing Index Drops To Two-Year Low In June (07 min(s), 01 sec(s) ago)
(RTTNews) - The Institute for Supply Management released a report on Friday showing its reading on ...Full Story»

Mexico Business Confidence Weakens In June (22 min(s), 01 sec(s) ago)
(RTTNews) - Mexican business confidence decreased for the second straight month in June, though sl ...Full Story»

Eurozone Inflation Reaches New Record High (52 min(s), 01 sec(s) ago)
(RTTNews) - Eurozone inflation accelerated further to a new record high in June, while core inflat ...Full Story»

Amended: Brazil Producer Price Inflation Rises In May (54 min(s), 01 sec(s) ago)
(RTTNews) - Correction: The latest data available is for May Brazil's producer price infl ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Hungary Trade Balance Swings To Deficit

07/01/2022 - 12:24 PM (RTTNews)
(RTTNews) - Hungary's trade balance swung to a deficit in April, as imports rose more than exp ...Full Story>>

Austria Inflation Highest Since September 1975

07/01/2022 - 12:23 PM (RTTNews)
(RTTNews) - Austria's consumer price inflation rose to the highest level since September 1975, ...Full Story>>

Poland Inflation Accelerates In June

07/01/2022 - 12:20 PM (RTTNews)
(RTTNews) - Poland's consumer price inflation continued to increase in June, mainly driven by ...Full Story>>

U.S. Construction Spending Unexpectedly Edges Down 0.1% In May

07/01/2022 - 11:01 AM (RTTNews)
(RTTNews) - Reflecting a decrease in spending on public construction, the Commerce Department rele ...Full Story>>

U.S. Manufacturing Index Drops To Two-Year Low In June

07/01/2022 - 10:50 AM (RTTNews)
(RTTNews) - The Institute for Supply Management released a report on Friday showing its reading on ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.