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ERR - The already surprisingly high GDP growth figure for the first quarter of the 2011 has now been pushed up even further - the latest review from Statistics Estonia now pegs it at 8.5 percent, a considerable bump from the 8 percent that flash estimates had given it a month ago.
The new estimates put this year's Q1 GDP at 3.71 billion euros at current prices, which is up 2.4 percent compared to the previous quarter after seasonal and working-day adjustments.
Year-on-year GDP growth has been accelerating since the second quarter of last year, the agency said in a June 9 release.
The biggest driver for last quarter's annual growth, accounting for nearly half of the result, was the rise in manufacturing seen over the past year. The sector's value added was up 29 percent, thanks in particular to increased production of radio, TV and communication equipment.
Read more: http://news.err.ee/economy/50e92fa0-ba59-4316-8f25-150f59dbe944
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