Login:
Share:
Email Facebook Twitter

Macroeconomic News


Estonia April industry output falls nearly 34 pct y/y

Fri, 29th May 2009 09:05


TALLINN, May 29 (Reuters) - Estonia's industrial output fall accelerated t
o 33.7 percent year-on-year in April and production was back to the same level as in 2003, the statistics office said on Friday.

The latest drop compared with a fall of 29.7 percent year-on-year in March. On the month in April, output fell 2.9 percent after a 2.8 percent fall in March.

With a population of just 1.3 million people and an economy dependent on exports, Estonia is feeling the effects of a collapse in demand and a recession that started in the second quarter of 2008.

In the first quarter of 2009 GDP was down 15.6 percent year-on-year.

'Sales in external markets fell 40 percent compared to April of the previous year and sales in the domestic market decreased 30 percent,' the statistics office said in a statement.

'The manufacture of apparel, wood and plastic products, electronic products and electrical equipment, motor vehicles and other manufacturing fell more than 30 percent,' it said.

(Reporting by David Mardiste, editing by Mike Peacock) Keywords: ESTONIA PRODUCTION/

(Tallinn Newsroom, +372 5290992, david.mardiste@thomsonreuters.com)

COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.



Back to Macroeconomic News


Sign up for Live Prices


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.