Estonia Industrial Output Grew for Third Month in NovemberOtt Ummelas
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.