Estonian Industrial Orders More Than Double

The recovery in Estonia from its recent depression seems to accelerate more and more as industrial orders rose as much as 26.4% in December from the previous month, something that caused the annual rate of increase to increase from an already very high 59.3% to 114.8%.

While it is possible that some of this extraordinary increase reflects one time factors, and while the overall economy will grow a lot slower than the industrial sector as the service sector is less cyclical, this certainly suggests that Estonia's overall growth will accelerate further in the near future.