Estonian Economic Growth Revised Up For Third Quarter to 8.5%

Dec. 9 (Bloomberg) -- Estonia’s economy grew at a faster pace in the third quarter than previously estimated as a recovery in construction helped offset dwindling demand among the Baltic nation’s Nordic trading partners.

Gross domestic product rose 8.5 percent from a year earlier compared with a preliminary estimate of 7.9 percent and growth of 8.4 percent in the second quarter, the Statistics Office in the capital, Tallinn, said today on its website. Output increased a seasonally adjusted 1.2 percent from the previous quarter, compared with a preliminary estimate of 0.8 percent.

To contact the reporter on this story: Ott Ummelas in Tallinn at oummelas@bloomberg.net

To contact the editor responsible for this story: Douglas Lytle at dlytle@bloomberg.net