The confidence index of Estonian industrial enterprises fell on month from 18 points in to 15 points, October to November, according to the Estonian Institute of Economic Research.
A year earlier, in November 2020, the index had stood at -9 points.
Other indices for November 2021 and their change on October 2021 are as follows (Source: Estonian Institute of Economic Research (Eesti Konjunktuuriinstituut)/BNS):
- Index on expectation of increase in output volumes in next three months fell from 12 points in October to 5 points. November 2020 indicator was -18 points.
- Assessment of current demand fell by 4 points month over month, to 24 points (November 2020: -20 points).
- Confidence index of construction sector fell by 7 points on month to 14 point (November 2020: -25 points).
- Construction companies' assessment of order portfolio fell from 20 points to 14 points. (November 2020: -36).
- Construction companies' expectation on number of employees in coming three months declined from 22 points, to 13 points. (November 2020: -13 points).
- Assessment of managers on inventories fell from -14 points to -16 points (November 2020: -10 points).
The primary aim of the Estonian Institute of Economic Research is, through its research, to further develop the Estonian economy, the organization says on its website.
Editor: Andrew Whyte