Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Estonia Industrial Output Grew Most on Record in September

Don't Miss Out —
Follow us on:

Oct. 29 (Bloomberg) -- Estonian industrial production increased in September at the fastest annual pace in at least a decade, as exports improved and domestic demand rose.

Production increased 31.1 percent from a year earlier, the most since records began in 2000, compared with a revised 21.7 percent the previous month, the Tallinn-based statistics office said today on its website. Output rose 3.6 percent from the previous month, on a seasonally adjusted basis.

Industrial output has improved following the biggest plunge in the 27-member European Union last year as demand for Estonia goods increases in the country’s key Nordic trading partners, Finland and Sweden. An export-led recovery will help Estonia’s economy expand 2.5 percent this year and 4.2 percent in 2011, the central bank forecast last month.

Export sales of manufactured goods jumped 54 percent from a year earlier, compared with a 41 percent increase in August. Domestic sales increased 7 percent, compared with a 3 percent rise the previous month, the office said.

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

To contact the editor responsible for this story: Willy Morris at wmorris@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.