Output in mining up by 10.4%, industrial production down as a whole
According to Statistics Estonia, in September 2024, the total production of industrial enterprises decreased by 1.5% at constant prices compared with September last year. Among the three main sectors, output increased by 10.4% in mining and by 0.9% in electricity production but decreased by 2.1% in manufacturing.
Helle Bunder, leading analyst at Statistics Estonia, pointed out that year-on-year growth in the output of the mining industry in September was mainly driven by peat production, while the increase in energy production was due to growth in electricity production. “In manufacturing, the volume of industrial production was down in slightly more than half of the manufacturing activities. Among the larger industries, output decreased by 11% in the manufacture of wood and by 13.5% in the manufacture of motor vehicles, trailers and semi-trailers,” Bunder added.
Looking at the larger industries, the production of building materials declined as well (4.5%), and a small decrease (0.8%) was also recorded in the production of fabricated metal products and electrical equipment. Among the activities with larger shares, output grew in the manufacture of computers and electronic products (8.9%), food products (0.9%), and machinery and equipment n.e.c. (8.4%).
67.5% of the total production of manufacturing in September 2024 was sold to the external market.
Compared with September 2023, the sales of manufacturing production decreased by 2.1% at current prices according to working-day adjusted data. Domestic sales fell by 5.6%, whereas export sales remained almost unchanged, declining by just 0.1%.
In September compared with August, the seasonally adjusted total industrial production grew by 0.9% and the production of manufacturing by 0.8%.
In energy production in September, the volume of electricity production (in megawatt-hours) increased by 21.5%, whereas the production of heat decreased by 3.9% compared with September 2023.
Volume index of industrial production – an index that expresses the change in the volume of industrial production at constant prices compared with the base period. The producer price index is used for calculating the production values at constant prices.
Value index of industrial sales – an index that expresses the change in the value of sold industrial production at current prices compared with the base period.
Industry is the largest sector of the economy and an important driver of economic growth. The index of industrial production covers the economic indicators of three industrial activities: mining, energy production, and manufacturing.
Statistics Estonia performs the statistical activity “Production indices” for the Ministry of Economic Affairs and Communications with the aim to determine the economic situation in Estonia.
Information about various industrial activities can be found on the business dashboards.
See also the dedicated section on industry. More detailed data have been published in the statistical database.
When using Statistics Estonia’s data and graphs, please indicate the source.
For further information:
Heidi Kukk
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9181
press [at] stat.ee (press[at]stat[dot]ee)