Estonia Industrial Output Growth Slows To 0.9%

(RTTNews) - Estonia's industrial production growth moderated in May amid a sharp contraction in the mining and quarrying segment, data from Statistics Estonia showed on Friday.

The volume of industrial production rose a calendar-adjusted 0.9 percent year-on-year in May, much slower than the 4.3 percent fall in the previous month. Nonetheless, this was the fourth successive increase in a row.

Among the main sectors, mining and quarrying production showed a sharp decline of 19.7 percent. The annual growth in manufacturing production slowed to 1.4 percent from 4.7 percent, while utility sector expanded at an accelerated pace of 6.9 percent.

On a seasonally adjusted basis, industrial production dropped 0.5 percent, reversing a 1.2 percent increase in April.