Estonia saw a 2.2% rise in industrial production volume in May compared to April, surpassing the EU and Eurozone’s growth of only 0.1% and 0.2% respectively, according to Eurostat. However, on a year-on-year basis, Estonia experienced a sharp 12.8% decline, the second highest among EU member states, compared to EU and Eurozone drops of 1.8% and 2.2% respectively. In the Eurozone, production of capital goods saw the largest growth (1%), followed by intermediate and durable goods (both 0.5%), while energy production dropped by 1.1%. Similar patterns were seen in the EU, with energy production declining by 1.8%. Among member states, Slovenia (7.9%), Croatia (4.3%), and Slovakia and Finland (both 2.5%) observed the largest rises in industrial volume. On the other hand, the biggest drops were seen in Ireland (4.9%), Lithuania (2.8%), Romania, and Belgium (both 1.2%). In May, the Eurozone’s energy production saw the steepest year-on-year decline (6.2%), whereas capital goods production rose by 2.5%. In the EU, energy production decreased by 7.5%, while capital goods production increased by 3.5%. Ireland had the largest year-on-year decline in industrial volume (16.2%). Malta, Denmark (7.8%), and France (2.9%) led in year-on-year industrial volume growth.
Source: majandus.postimees.ee
