Estonian industrial production has faced a steeper decline in June 2024, recording a significant drop to -3.00% on a year-over-year basis, as updated on 05 August 2024. This follows the previous month’s negative indicator of -1.50% in May 2024, reflecting a worsening economic scenario for the Baltic state’s industrial sector.The continuous downward trend suggests heightened challenges for Estonia’s manufacturing and production industries. Analysts are closely monitoring these developments as they evaluate the broader impacts on the country’s economic health and potential measures to address this decline.Further details and analyses are anticipated to better understand the underlying causes and potential remedies for this ongoing industrial downturn in Estonia.The material has been provided by InstaForex Company – www.instaforex.com
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