Financial News: Estonian Industrial Output Contracts 4.2%

Estonian Industrial Output Contracts 4.2%

02/06/2025 - 03:32:00 (RTTNews)

(RTTNews) - Estonia's industrial production decreased at the fastest pace in four months in December, data from Statistics Estonia showed on Thursday.

Industrial production dropped an unadjusted 4.2 percent year-on-year in December, faster than the 2.5 percent fall in the previous month. This was the second successive decline in a row.

Among the main sectors, utility production decreased sharply by 16.1 percent over the year, and manufacturing output was 2.9 percent lower. Meanwhile, mining and quarrying production showed a strong recovery of 8.4 percent.

On a seasonally adjusted basis, industrial production grew at a slower pace of 0.4 percent monthly in December versus a 2.8 percent increase a month ago.

During the year 2024, industrial production was 4.0 percent lower compared to 2023.

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