Uudiste arhiiv

 

Economic growth in the last quarter of 2016 was above expectations

28.02.2017
swedbank

In 2016, economic growth reached 1.6% in Estonia. Compared to 2015 it is a 0.2 percentage point increase, but nothing to be too proud of yet. Nominal growth of GDP accelerated from 2.5% in 2015 to 3.3% in 2016. In…

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SEB’s economic forecast: Faster growth despite political squalls

08.02.2017
seb

Notwithstanding political squalls blowing louder than ever, the global economy is forging ahead. The acceleration in economic growth and inflation are bringing us closer to an environment that we are accustomed to seeing as normal. Nevertheless, the spreading of protectionist…

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Swedbank Macro Research

05.01.2017
swedbank

Construction in Baltics will rebound for now Contraction is temporary Residential sector is stronger, at least in Estonia and Lithuania Construction costs will rise, but export potential is there Construction in Baltics will rebound for now

Estonia Flash comment: Investments and inventories had the strongest negative impact on GDP growth in the third quarter

09.12.2016
swedbank1

Statistics Estonia revised up to 1.3% its second estimate of the third quarter yoy GDP real growth in Estonia (flash estimate was 1.1%). Compared to the previous quarter, GDP grew by 0.2% (swda). Economic growth has decelerated a bit this…

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Baltic Sea Region Report

08.12.2016
swedbank

Half-hearted reforms will not raise competitiveness and boost growth • Mind the risks to long-term growth  • Exports hold the key to future growth in the Baltics  • The services sector – stronger, smarter and more diversified  Mind the risks to…

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Despite meagre GDP growth, several economic indicators have improved

14.11.2016
swedbank1

Economic growth in Estonia continued to be weak in the 3Q. According to the flash estimate, Estonian economy grew 1.1% yoy and 0.2% qoq (seasonally and calendar adjusted). The GDP has increased 1.1% yoy during the first three quarters. We…

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Swedank flash comment Estonia – Long-awaited investment growth is starting to take off

08.09.2016
swedbank

Statistics Estonia revised second-quarter annual GDP growth 0.2 percentage points up to 0.8%. Regular revision of last four years was also published and led to changes in real growth rates of previous years. 2012-2014 GDP growth was revised down 0.9…

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SEB Nordic Outlook: moderate growth regardless of political insecurity

31.08.2016
seb

The events in the economy and politics over the last half-year have been unexpected. The UK referendum, the state of the US presidential election, the increase in popularity of extremist parties in Europe, and the diverging from democracy in some…

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Swedbank: Excessive wage growth continues

30.08.2016
swedbank1

Wage growth remained rapid in the second quarter at around 8%, over the year. We expect average gross wage to rise by around 5% in 2017. In the 2nd quarter of 2016, the average monthly gross wage was 1,163 euros…

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Swedbank: Participation rate increased even further

12.08.2016
swedbank1

The number of inactive decreased by 19,000 people, over the year, in the second quarter of this year. In addition to tight labour market, inactivity declined due to state reforms – an increase in the retirement age and the rearrangement…

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Swedbank: Deceleration of economic growth was expected

11.08.2016
swedbank1

According to the flash estimate of Statistics Estonia, GDP growth in Estonia decelerated to 0.6% in the second quarter of 2016 (in the first quarter, Estonian economy grew by 1.7%). Deceleration of the growth rate was expected. First quarter economic…

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Acceleration of the economic growth was not broad based

09.06.2016
swedbank

Statistics Estonia did not revise the GDP growth of 1Q2016 with its second estimate: it remained 1.7% yoy and flat qoq (swda) in real terms. Despite the fall in prices, GDP growth reached to 3% in nominal terms (2.5% in…

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Swedbank: Purchasing power increased by almost 10%

25.05.2016
swedbank

Wage growth accelerated further in the first quarter. A surge in purchasing power supports consumption but hurts enterprises’ profitability. In the 1st quarter of 2016, the average monthly gross wage was 1,091 euros in Estonia, up by 8.1% over the…

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Labour market data stronger than expected

13.05.2016
swedbank

In Q1 2016, employment increased due to a higher number of part-time workers. Unemployment rate was slightly smaller than one year ago. We still expect unemployment rate to grow and employment to decline a bit in 2016. First quarter’s labour…

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SEB: Negative interest rates – what does it mean?

12.05.2016
seb pank

There are an increasing number of media mentions about negative interest rates as more developed countries across the globe are entering a negative interest rates territory. Five central banks – the European Central Bank (ECB), the Denmark’s National bank, the…

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