Estonia Industrial Output Growth Eases To 0.7%

(RTTNews) - Estonia's industrial production growth moderated in July after accelerating in the previous month, data from Statistics Estonia showed on Thursday.

The volume of industrial production rose a calendar-adjusted 0.7 percent year-on-year in July, much slower than the 4.1 percent increase in the previous month. Nonetheless, this was the sixth successive rise in a row.

The overall upturn was driven by a 3.5 percent growth in manufacturing production. On the other hand, the growth was curbed by a 29.1 percent plunge in energy output and an 8.7 percent contraction in the mining sector.

On a monthly basis, industrial production dropped 5.4 percent, which was worse than the 1.4 percent fall in June.