Industrial production in October remained at the level of the previous year
According to Statistics Estonia, in October 2012, the production of industrial enterprises did not change compared to October of the previous year. The production of energy and mining increased, while the production of manufacturing decreased slightly.
The significant growth in manufacturing that took place in September was replaced with a small decline in October. In October the decrease in manufacturing was 1% compared to the same month of the previous year. Although production rose in the largest branches of manufacturing – electronics, wood products, food products and electrical equipment, it did not compensate for the fall in most of the smaller branches. In October, the production did not exceed the volume of the same month of the previous year in two thirds of the branches of industry, including the manufacture of metal and chemical products, furniture and building materials.
71% of the whole production of manufacturing was sold on the external market in October. Since September the export growth compared to the same month of the previous year has increased substantially – export sales of the manufacturing production grew 13% in September and 14% in October. Domestic sales fell 10% and 6%, respectively.
In October 2012 compared to September, the seasonally adjusted total industrial production as well as the production in manufacturing decreased by 5%.
Compared to October 2011, the production of electricity increased by 11% and the production of heat by 13%.
The volume index and trend of production in manufacturing, January 2003 – October 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 | -5.4 | 5.2 | 0.1 |
| Energy production | -4.4 | 12.0 | 12.0 |
| Mining | -5.5 | 6.1 | 6.1 |
| Manufacturing | -4.7 | 4.5 | -0.9 |
| manufacture of computer, electronic and optical products | -9.1 | 36.4 | 29.6 |
| manufacture of wood and wood products | 1.3 | 6.3 | 1.4 |
| manufacture of food products | 3.4 | 5.4 | 2.3 |
| manufacture of fabricated metal products | -3.6 | -1.5 | -8.7 |
| manufacture of electrical equipment | 5.2 | 5.6 | 5.6 |
| manufacture of chemicals and chemical products | -7.3 | -7.8 | -13.4 |
| manufacture of furniture | 0.8 | 2.5 | -3.7 |
| manufacture of motor vehicles | 7.8 | 3.0 | -2.0 |
| manufacture of building materials | -0.5 | -1.4 | -5.5 |
| manufacture of rubber and plastic products | -8.7 | -0.6 | -7.9 |
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.