Estonia Industrial Output Grew for Third Month in November

Estonian industrial production grew for a third month in November, bolstering arguments that the Baltic economy’s expansion accelerated in the final quarter of 2012.

Production rose 6.5 percent from a year earlier, compared with a revised 0.3 percent increase in October, the statistics office based in the capital, Tallinn, said today on its website.

Industrial output in the newest euro-area member has see- sawed in recent months as export demand for electronics, wood and food processing improved after a weak first half. Still, growth in the $22 billion economy probably slowed to 2.9 percent last year from 8.3 percent in 2011 as Europe’s debt crisis curbed Nordic demand, the central bank said last month.

To contact the reporter on this story: Ott Ummelas in Tallinn at oummelas@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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