Statistics: Industrial production falls below EU average on year to June

Plywood production, a mainstay of Estonia's exports.
Plywood production, a mainstay of Estonia's exports. Source: Postimees/Scanpix

Estonia's industrial production declined at a lower rate than the European Union average in June.

The figure for Estonia stands at 5.5 percent decline in industrial production, compared with 11.6 percent across the EU, rising to 12.3 percent in eurozone-only nations. 

However, June saw an increase in seasonally-adjusted industrial production compared with the previous month, but Estonia's figure here was lower than the EU average – 7.6 percent increase compared with a 9.1 percent rise in both the EU and eurozone, according to Eurostat, the EU's statistical office, estimates.

The largest year-on-year falls were registered in Portugal, (-14.8 percent), Germany and Spain (both -14.1 percent), and Italy (-13.7 percent).

Ireland bucked the trend over the year with a 4.5 percent rise, Eurostat says.

The highest increases in monthly comparison were registered in Slovakia (21.7 percent) Hungary (17.1 percent), and Romania, at 16.3 percent.

Belgium and Finland both saw a small fall between May and June this year, at -1.4 percent and -0.8 percent respectively.

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Editor: Andrew Whyte

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