FX.co ★ Estonia’s Industrial Output Rebounds in July, Ending Two-Month Slide

Estonia’s industrial production returned to growth in July 2026, rising 0.90% month‑over‑month and marking a clear turnaround from June’s 2.20% decline. The latest data, updated on 4 September 2026, show the sector pulling out of a short-term downturn and moving back into positive territory.

The July figure is calculated as a month‑over‑month comparison, measuring the change in industrial output relative to June 2026. Similarly, June’s -2.20% print had reflected the drop from May to June. The shift from negative to positive growth suggests a stabilisation in Estonia’s industrial activity mid‑summer, after earlier weakness. Investors and policymakers will now be watching upcoming releases to assess whether July’s rebound signals the start of a more durable recovery in the country’s industrial sector.