FX.co ★ Estonia Industrial Output Growth at Near 3-Year High

In April 2025, Estonia observed a significant year-on-year increase of 4% in industrial production, following a revised 1% increase in March. This represents the most robust growth in industrial activity since May 2022. The manufacturing sector experienced accelerated output growth, rising by 4.4% compared to 1.8% in March. Notable contributions came from sectors such as wood processing (3.1%), electrical equipment (7.3%), metal products (6.6%), and food production (6.1%). Meanwhile, the decline in mining and quarrying output eased to -2.1% from -6.1%. Production in electricity, gas, steam, and air-conditioning supply showed a recovery, moving from a -1.7% decline to a modest growth of 0.6%. On a seasonally adjusted monthly basis, industrial production increased by 0.9% in April 2025, bouncing back from a revised 0.8% decrease in the previous month.