FX.co ★ Estonia’s Industrial Output Swings into Decline in February After Strong January Growth

Estonia’s industrial production contracted in February 2026, reversing the strong growth recorded at the start of the year. Year-over-year output fell by 0.5% in February, compared with a 5.9% increase in January 2026, according to the latest data updated on 6 April 2026.

The figures highlight a sharp month-to-month swing in the annual growth rate: while January’s reading showed robust expansion versus January a year earlier, February’s result indicates that production was slightly below its level of February a year ago. The data are based on year-over-year comparisons, meaning each month is measured against the same month in the previous year.

This turnaround suggests that Estonia’s industrial sector entered 2026 on strong footing but faced a quick loss of momentum by February. Market participants and policymakers will be watching upcoming releases closely to determine whether February’s decline is a temporary setback or an early signal of a more sustained slowdown in industrial activity.