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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
EstoniaEstonia Industrial Production MoM climbed to 4.2% in August 2026
FMPMonthlyReleased October 2026
Estonia Industrial Production MoM climbed to 4.2% in August 2026, released October 2026, up 3.3% from July's 0.9% reading. The print exceeded the -0.1% consensus by 4.3%. Industrial Production MoM has now risen for 3 consecutive months. Over the past 3 months, Industrial Production MoM averaged -0.7%, vs -0.5% in the prior 3-month window. Industrial Production MoM is now the highest in 8 months.
Latest Release
4.2
Actual
-0.1
Consensus
0.9
Previous
Median Absolute Error
±1.35 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: -0.8
Actual: 4.2
Error: -5
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| GBP/USD | ▲ Direct | +0.70 | FOREX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.58 | CRYPTO | Moves with | → View |
| XAU/USD | ▲ Direct | +0.42 | COMMODITIES | Moves with | → View |
| USD/JPY | ▼ Inverse | −0.29 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Industrial Production MoM (Estonia) was reported at 4.2% in October 2026. This beat the market consensus of -0.1% by 4.3%. The reading rose from the previous value of 0.9%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 0.84%, ranging from -2.3% to 6% across 10 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 0.93%, up from the prior three at 0.03%. Volatility over the past year (σ 2.55%) is higher than the prior year (σ 2.32%). In October readings over the past 3 years, Industrial Production MoM has averaged 2.5%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GBP/USD (Bullish GBP). A secondary relationship exists with BTC/USD, positively correlated (Bullish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 1.35%.
WHAT TO WATCH NEXT
The next release is scheduled for November 5, 2026.
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Industrial Production MoM - EE
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About Industrial Production MoM — Estonia
DEFINITION
Industrial Production MoM (Month-over-Month) is a key economic indicator that measures the change in the total output of the manufacturing, mining, and utilities sectors within a specific country or region over a one-month period. This indicator provides valuable insights into the health and growth of the industrial sector, which is a crucial component of a country's overall economic performance. It is closely monitored by investors, policymakers, and analysts as it can impact inflation, employment, and consumer spending. A positive MoM change in industrial production indicates a growing economy, while a negative change may signal a slowdown or contraction.
WHY THIS INDICATOR MATTERS
Manufacturing and factory-order series capture cyclical inflection earlier than aggregate output, and have outsized influence on industrial-sector equities. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 4.2 %, consensus -0.1 %. Prior reading (Jul 2026): 0.9 %. Before that (Jun 2026): -2.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with GBP/USD (Bullish GBP, r=0.70) — a useful reference for forex-focused traders.
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