Wednesday, February 09, 2011

Estonian Exports Increase 67%

After suffering through a depression, Estonia is recovering fast, led by an extraordinary export boom. In December 2010, exports increased as much as 67% (while imports increased 44%).

Other indicators also suggest a vigorous recover, as factory orders increase 59.2%http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/4-24012011-AP/EN/4-24012011-AP-EN.PDF in November and industrial production increase 38.5% in December.