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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 |
|
|
1.0644 -152 pips |
1.0883 -87 pips |
1.07959 | |
| EURAUD |
|
|
1.6765 -359 pips |
1.7187 -63 pips |
1.71236 | |
| EURJPY |
|
|
155.9652 -550 pips |
163.4620 -200 pips |
161.465 | |
| EURCAD |
|
|
1.5142 -302 pips |
1.5492 -48 pips |
1.54443 | |
| EURCHF |
|
|
0.9476 -72 pips |
0.9687 -139 pips |
0.95483 | |
| EURCZK |
|
|
0 -249323 pips |
24.9887 -564 pips |
24.93233 | |
| EURGBP |
|
|
0.8341 -19 pips |
0.8414 -54 pips |
0.83599 | |
| EURHUF |
|
|
394.9473 -604 pips |
403.7483 -276 pips |
400.99 | |
| EURNOK |
|
|
10.2535 -10328 pips |
11.4770 -1907 pips |
11.2863 | |
| EURNZD |
|
|
1.8387 -433 pips |
1.8913 -93 pips |
1.88197 |
News (EUR)
Eurozone Inflation Slows To 2.2% Boosting ECB Rate Cut Speculation
Euro area inflation eased in March largely due to a slowdown in the services costs growth and strengthened the calls for further interest rate cuts from the European Central Bank. The harmonized index of consumer prices rose 2.2 percent year-on-year in March, which was slightly slower than the 2.3 percent rise in February, flash data from Eurostat showed on Tuesday. The rate matched expectations
RTTNews | 1 day ago
Eurozone Manufacturing Downturn Eases
Downturn in the euro area manufacturing slowed in March as output expanded for the first time in two years, signaling a recovery in the sector, final results of the latest purchasing managers' survey by S&P Global showed on Tuesday. The HCOB manufacturing Purchasing Managers' Index rose to 48.6 in March from 47.6 in the previous month. The flash score was 48.7.
RTTNews | 1 day ago
German Inflation At 4-Month Low Adds To ECB Rate Cut Hopes
Consumer price inflation in Germany slowed in March to its lowest level in four months as services cost growth eased further and energy prices fell at a steeper rate, boosting hopes that the European Central Bank will continue cutting interest rates this month.
RTTNews | 1 day ago
