Estonia GDP Growth Rate YoY
Over 71% of Estonia's gross domestic product (GDP) comes from the service sector, with 25% coming from industry and 4% coming from agriculture. The most important sectors of the Estonian economy are: real estate, rental and letting, and business services (which account for 21% of GDP); the processing industry (15%); commerce (14%); transportation, warehousing, and communications (which account for 10% of GDP); and construction (which accounts for 7% of GDP). Among the expenditure components of the GDP, household consumption is the most important, accounting for 52% of the country's total use. Gross fixed capital formation (25%, one of the highest rates among EU nations) and government expenditure is the next most important components (20%). Exports of products and services account for 84% of GDP, while imports account for 81%, resulting in a net addition of 3% to the total GDP of the country.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.
Forex Sentiment (EUR)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURUSD |
|
|
1.0684 -41 pips |
1.0805 -80 pips |
1.07247 | |
| EURAUD |
|
|
1.6318 -113 pips |
1.6508 -77 pips |
1.64314 | |
| EURJPY |
|
|
163.5623 -326 pips |
164.1007 +272 pips |
166.822 | |
| EURCAD |
|
|
1.4592 -79 pips |
1.4693 -22 pips |
1.46713 | |
| EURCHF |
|
|
0.9636 -157 pips |
0.9930 -137 pips |
0.97932 | |
| EURCZK |
|
|
25.3748 +1963 pips |
0 +251785 pips |
25.17850 | |
| EURGBP |
|
|
0.8568 -5 pips |
0.8606 -33 pips |
0.85734 | |
| EURHUF |
|
|
389.0112 -341 pips |
393.3991 -98 pips |
392.42 | |
| EURNOK |
|
|
10.9830 -7589 pips |
0 +117419 pips |
11.7419 | |
| EURNZD |
|
|
1.7806 -193 pips |
1.8053 -54 pips |
1.79989 |
News (EUR)
German Ifo Business Confidence Near 1-Year High
Germany's business sentiment strengthened for the third straight month to a near one-year high in April on a notable improvement in confidence among service providers. The business confidence index climbed to 89.4 in April from a revised 87.9 in March, monthly survey results from the ifo Institute showed on Wednesday. This was the highest score since May 2023, when the reading was 91.4.
RTTNews | 1 day ago
Eurozone Private Sector Growth Strongest In Almost A Year
The euro area private sector expanded the most in nearly a year in April as the continuing downturn in the manufacturing activity was offset the strength in the service sector, flash survey results from S&P Global showed on Tuesday. The composite output index registered 51.4 in April, up from 50.3 in March. The reading stayed above economists' forecast of 50.8.
RTTNews | 2 days ago
Eurozone Construction Output Rises For Third Month
Euro area construction output grew for a third straight month in February and at a stronger pace, mainly led by civil engineering works and rebound in building construction, preliminary data from the statistical office Eurostat showed Thursday. Construction output rose a calendar and seasonally adjusted 1.8 percent month-on-month following a downwardly revised 0.2 percent gain in January.
RTTNews | 7 days ago
