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Riin Kadarik, leading analyst at Statistics Estonia, said that, similarly to July, manufacturing output continued to grow in August, despite the decline in production volumes in the two largest manufacturing activities. “Output decreased by 0.6% in the manufacture of wood and by 3.8% in the manufacture of food products, which was mainly due to the decreased production of dairy products. The biggest contributor to the growth in manufacturing production was the manufacture of electrical equipment where output was up by 12.2% year on year, supported by increased production in the manufacture of

Riin Kadarik, leading analyst at Statistics Estonia, said that the output of manufacturing was down for the fourth consecutive month. “In May, the main reason for this was again the manufacture of food products which decreased by 3.5%. The output of the food industry has shown year-on-year decrease for five months in a row, but the decline in May was smaller than in April,” added Kadarik. In May, the volume of industrial production was up in two thirds of the manufacturing activities. “The largest manufacturing activity – the manufacture of wood – did not grow in May and remained at the same