Estonia Economic Outlook
January 29, 2019Available data paints a mixed picture for the fourth quarter of 2018. Industrial output growth accelerated to a 17-month high in November, propped up by robust expansions in the energy and manufacturing sectors. In a similar fashion, retail sales rebounded sturdily in November, against the backdrop of lower inflation. On the external front, metrics were also encouraging: Goods export growth accelerated to a four-month high in November as booming demand from non-EU countries more than compensated for waning appetite from the EU. On the other hand, survey-based indicators draw a less rosy picture in Q4. Consumer sentiment remained entrenched in negative territory in December. Moreover, business confidence deteriorated again in the same month, in anticipation of a further deterioration in competitiveness due to sustained tightening of labor market conditions.
Estonia Economic GrowthRobust domestic demand will support growth this year, although the overall expansion is seen losing traction amid cooling construction activity and softer external dynamics. On the domestic side, tight labor market conditions and moderating inflationary pressures should prop up private consumption growth, while sustained capital inflows from EU cohesion funds are expected to bolster fixed investment. Met the why particular panelists see the economy expanding 3.0% in 2019, which is down 0.1 percentage points from last month’s forecast, and 2.6% in 2020.
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|Exchange Rate||1.14||0.65 %||Jan 30|
|Stock Market||1,211||-0.38 %||Jan 30|
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Estonia Economic News
March 28, 2019
According to Statistics Estonia, annual working day-adjusted industrial production growth edged up to 4.5% in February from 4.1% in January.
March 15, 2019
Consumer prices rose 0.2% from the previous month in February, compared to January’s 0.2% decrease.
March 5, 2019
According to Statistics Estonia, annual working day-adjusted industrial production growth slowed from 5.4% in December to 4.7% in January.
March 1, 2019
Detailed national accounts data released by Statistics Estonia on 1 March, showed that growth gained traction at the end of last year.
February 20, 2019
Consumer prices fell 0.2% from the previous month in January, following December’s 0.3% decrease.