Estonia Economic Outlook
August 28, 2018The economy appears to have lost some growth momentum in the second quarter, as suggested by available economic indicators. Industrial production decelerated to a two-year low in Q2, amid a slowdown in manufacturing output, signalling that economic activity likely went through a softer patch in the quarter. Meanwhile, weak retail sales reflected a build-up in inflationary pressures throughout Q2. Nevertheless, labor market conditions continued to tighten in the second quarter: Unemployment fell to a 11-year low, and, coupled with higher wages, likely shielded household spending. On the external front, solid export growth carried over into Q2, helped by robust demand from Estonia’s largest trading partners—Finland and Latvia.
Estonia Economic GrowthLooking ahead, although the economy’s pace of expansion is seen moderating this year, growth should remain healthy. Solid domestic demand is set to support economic activity, which should be bolstered by robust fixed investment growth and elevated capital inflows from EU cohesion funds. In addition, a more competitive labor market and the projected easing of inflationary pressures should prop up household spending. Met the why particular panelists see the economy expanding 3.5% this year, which is down 0.2 percentage points from last month’s forecast, and 3.2% in 2019.
Estonia Economy Data
5 years of Estonia economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Exchange Rate||1.18||0.65 %||Sep 20|
|Stock Market||1,218||-0.38 %||Sep 20|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Estonia Economic News
September 24, 2018
Consumer prices rose 0.5% over the previous month in August, up from July’s 0.1% uptick.
September 3, 2018
According to Statistics Estonia, annual industrial production growth in working day-adjusted terms hit 3.7% in July, up from 2.5% in June.
August 31, 2018
The Estonian economy accelerated in the second quarter, with GDP growing 3.7% on annual basis, according to comprehensive data released by Statistics Estonia on 31 August.
August 17, 2018
Consumer prices edged up 0.1% over the previous month in July, down from June’s 0.9% increase.
July 31, 2018
According to Statistics Estonia, annual industrial production growth eased from a revised 3.4% reading in May (previously reported: +3.0% year-on-year) to 2.5% in June.