Estonian Industrial Production Rises 15% In March

Estonian Industrial Production Rises 15% In March

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Estonia’s industrial production recorded a year-over-year growth of 15 percent in March. According to Statistics Estonia, the growth was driven by energy sector, mining and quarrying apart from manufacturing.

The official press statement suggested that manufacturing production grew 10 percent from the previous year period. It was a broad-based one with production surpassing the volume in over two-thirds of the industry branches.

On a seasonally adjusted basis, total industrial production grew two percent in March compared to February. Manufacturing production recorded one percent growth.

The press statement viewed, The growth in production was mostly due to an increase in the manufacture of wood products, metal products and electrical equipment. Production increased also in the manufacture of food products, motor vehicles and building materials. Among the branches of industry with larger shares, production fell only in the manufacture of electronic products.