The boom Central and Eastern Europe has been enjoying for the last four years has reached its peak as countries in the region start to run up against their structural limits.
Inflation continues to be under moderate demand-led pressure from the tightened labour market that is pushing up wages.
The current streak of minimal, or lack of, growth points to a possible slowdown in the rate of economic expansion in the third quarter.
Output has now grown for 24 months straight in the Estonian industry overall, supporting economic growth.
Analysts predict growth will remain strong – albeit moderating a bit – throughout the rest of the year, before slowing down more clearly in 2019.
The reading sees the sector return to the feeble growth rate of March and April, with the overall turnover at Estonian shops coming in at €613.6mn.
Climate change is believed to be responsible for the heatwave afflicting northern Europe that has seen temperatures of over 30 degrees Celsius as far as 300 kilometres inside the Arctic Circle.
The reading marks a marginal slowdown of the growth tempo in Lithuanian industry after output expanded 5.2% in May, but still extends the run of positive growth to 22 consecutive months.
An investigation has been launched after media reports that much as €7.1bn may have been laundered via the bank’s Estonian operations.