Estonia’s industrial production decreased at a faster pace in November, figures from Statistics Estonia showed Wednesday.
Industrial production fell notably by a working-day-adjusted 6.2 percent year-over-year in November, much faster than the 2.5 percent drop in October. The measure has been falling since April 2015.
In November, the annual decline in production volume was caused primarily by a decrease in the manufacture of electronic products, the agency said.
Energy production plunged 18.1 percent in November from a year ago and mining output dipped by 6.9 percent. Manufacturing sector also registered a fall of 4.6 percent.
On a monthly basis, industrial production slid a seasonally adjusted 2.6 percent in November, reversing a 0.6 percent increase in the prior month. It was the first drop in four months.
The material has been provided by InstaForex Company – www.instaforex.com