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Economic confidence improves in Estonia

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Estonia's economic confidence improved slightly in August, being 0.9 points higher than in July, according to figures released by the European Commission.

Manufacturing, trade and consumer indexes improved, while the figures worsened slightly in service and construction. At the same time, the confidence of service sector managers is above the long-term average and that of construction companies
lower than average.

On average, economic confidence improved in the EU as well as in the Eurozone. The figure improved in all three Baltic countries, Germany, Croatia, Hungary, Sweden, Malta and the U.K. Economic confidence was the lowest in Cyprus, Greece and Portugal.

The figures in Estonia's important export countries were in general higher than the EU's average, but recent trends varied among different countries. Latvia's economic confidence was higher than average, but with a falling trend. Confidence in Lithuania and Sweden was higher than average, and confidence has been rising. Finland's economic confidence is lower than the long-term average and it also fell during August.

Source:(2013) Majandususaldus paranes Eestis, Euroopa Liidus ja euroalal. Raamatupidamisuudised, 2. september.