Industrial production slightly increased in February
According to Statistics Estonia, in February 2012, the production of industrial enterprises increased 1% compared to the same month of the previous year.
In February 2012, the production of manufacturing increased by 2% compared to February of the previous year. Export sales influenced the growth in production the most – 73% of the whole production of manufacturing was sold on the external market. Export sales of the manufacturing production grew 5% compared to February 2011, domestic sales increased 4%.
In February, production exceeded the volume of the same month in the previous year in most branches of industry. Among the branches of industry holding larger shares, production grew in the manufacture of electronic and food products and electrical equipment, by 1%, 6% and 17%, respectively. Production decreased in the manufacture of wood, metal and chemical products.
In February 2012, compared to January 2012, the seasonally adjusted total industrial production increased 1%; in manufacturing, the production did not change significantly.
Compared to February 2011, the production of electricity decreased 3% and the production of heat increased 2%.
The volume index and trend of production in manufacturing, January 2003 – February 2012 (2005 = 100)
| Economic activity | Change compared to the previous month according to seasonally adjusted dataa | Change compared to the corresponding month of the previous year | |
|---|---|---|---|
| according to unadjusted data | according to working-day adjusted datab | ||
| TOTAL | 1.3 | 2.1 | 1.4 |
| Energy production | 10.1 | -1.2 | -1.2 |
| Mining | -1.7 | 0.2 | 0.2 |
| Manufacturing | -0.2 | 2.7 | 2.0 |
| manufacture of computer, electronic and optical products | 17.4 | 0.7 | 1.2 |
| manufacture of wood and wood products | -9.4 | 2.0 | -0.6 |
| manufacture of food products | 4.0 | 6.9 | 6.3 |
| manufacture of fabricated metal products | -15.1 | -21.4 | -22.3 |
| manufacture of electrical equipment | -5.7 | 17.3 | 17.3 |
| manufacture of chemicals and chemical products | -11.2 | 7.9 | -3.4 |
| manufacture of motor vehicles | 1.6 | -6.2 | -6.8 |
| manufacture of machinery and equipment | -0.7 | 27.6 | 14.6 |
| manufacture of furniture | -2.2 | -2.5 | -3.4 |
| manufacture of building materials | -1.0 | 9.1 | 8.0 |
a In case of the seasonally adjusted volume index of industrial production, the impact of the differing number of working days in a month and seasonally recurring factors have been eliminated. It is calculated only in comparison with the previous period.
b In case of the working-day adjusted volume index of industrial production, the impact of the differing number of working days in a month has been eliminated. It is calculated only in comparison with the corresponding period of the previous year.