Estonian GDP up 2% in Q2

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU

Estonian economy grew 2.0 percent from April to June compared with the second quarter of 2014, Statistics Estonia has estimated.

The news came as a positive sign during otherwise turbulent times when the food and beverages sector was hit by Russian sanctions and Greek crisis caused considerable concern in eurozone, ERR evaluates.

The exonomic growth was mostly influenced by an increase in trade, real estate activities, agriculture, forestry and fishing. The revenue of value added tax also grew, wich is a sign of increased consumption.

The hardest hit were the fields of transport, construction and manufacturing, especially the food and beverages production. Export also decreased slightly, by 1.1 percent.

Ref: 111.111.103.2718

Content owner: Baltic News Network

Link to article source