Estonia's industrial production declines for sixth month
01.10.2012, 14:31Estonia's industrial production decreased for the sixth consecutive month in August, data released by Statistics Estonia showed Monday.
Industrial production declined a working-day adjusted 2.8 percent year-on-year in August, slower than the 7.2 percent fall seen in July. Production decreased for the sixth consecutive month.
Production in the manufacturing sector declined 3.7 percent annually, while mining and quarrying output edged down 0.1 percent. Meanwhile, energy production was higher by 3.8 percent compared to last year.
On a monthly basis, industrial production increased a seasonally adjusted 2.4 percent in August, after rising 0.9 percent in July, the agency said.