Estonia's industrial production declined 3.8 percent from a year earlier in June 2019, reversing from a 1.2 percent gain in the previous month. Manufacturing output expanded softer (2.2 percent vs 4.9 percent in May), boosted by increases in the manufacture of food products, computers and electronic products and other non-metallic mineral products. Meantime, both of mining production (-29.2 percent vs -19.6 percent) and electricity, steam and hot water supply (-51.2 percent vs -25.2 percent) dropped faster. On a monthly basis, industrial production fell 5.7 percent in June, compared to a 0.3 percent rise in May. Industrial Production in Estonia averaged 5.61 percent from 2001 until 2019, reaching an all time high of 36.80 percent in October of 2010 and a record low of -31.70 percent in April of 2009.
Industrial Production in Estonia is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Estonia to stand at 2.70 in 12 months time. In the long-term, the Estonia Industrial Production is projected to trend around 2.40 percent in 2020, according to our econometric models.