Trade Balance in Estonia
Estonia - Trade BalanceThe Estonian economy shifted into a higher gear in the second quarter, chiefly on the back of stronger household consumption dynamics. Robust household spending in the quarter was bolstered by near decade-low unemployment and higher wages. In addition, fixed investment improved significantly from the previous quarter, although it still contracted marginally as business investment continued to struggle. The external sector’s backdrop was also more positive in Q2, as growth in exports accelerated to a one-year high in the quarter helped by robust demand from overseas trading partners. Moreover, industrial production growth picked up pace in July while business confidence remained elevated in July and August, indicating that momentum has carried over into the third quarter. Consumer confidence, however, posted the worst result in six months in August.
Estonia - Trade Balance Data
|Trade Balance (USD billion)||-2.1||-2.4||-1.7||-1.8||-2.1|
5 years of economic forecasts for more than 30 economic indicators.
Estonia Trade Balance Chart
Source: Statistics Estonia.
|Exchange Rate||1.16||0.65 %||Oct 16|
|Stock Market||1,222||-0.38 %||Oct 16|
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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.