There are contradictions in the data on Estonia's economic performance this year. Statistics Estonia adjusted the figures for growth in the first quarter so that growth of 1.2% in the flash estimate turned into a contraction of 0.3%. This indicator points to a setback to the recovery in the economy that started last year, but at the same time growth in industrial output, exports, electricity production and construction volumes indicate that the economy continues to revive. This is also indicated by increased borrowing in the private sector to fund new projects, employment contracting by less, and retail sales volumes growing.
