In January industrial production was smaller than a year ago
According to Statistics Estonia, in January 2014, the production of industrial enterprises decreased by 1% compared to January of the previous year. The decline in production was caused by a decrease in electricity production; however, the production in manufacturing and mining increased slightly.
In January, the increase in manufacturing was 1% compared to January of the previous year. Among the branches of industry holding larger shares, production rose in the manufacture of wood and food products, motor vehicles and furniture. The volume of production fell in the manufacture of electronic products, electrical equipment, chemical products, machinery and equipment.
In January, 70% of the whole production of manufacturing was sold on the external market. The export sales of manufacturing production fell 10% in January compared to the same month of the previous year, and domestic sales increased 2%. The decrease in exports was mainly caused by a decline in the sales of electronic, refined petroleum and chemical products.
In January 2014, compared to December 2013, the seasonally adjusted total industrial production increased 4%, production in manufacturing rose 3%.
Compared to January 2013, the production of electricity decreased by 19% and the production of heat increased by 2%. The decrease of electricity production was mainly caused by the partial replacement of own production with imports.
The volume index and trend of production in manufacturing,
January 2005 – January 2014 (2010 = 100)
Change in volume index of industrial production, January 2014
(percentages)
| 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 | 4.4 | -1.1 | -1.1 |
| Energy production | 13.8 | -10.9 | -10.9 |
| Mining | -1.0 | 2.1 | 2.1 |
| Manufacturing | 2.8 | 0.8 | 0.8 |
| manufacture of computer, electronic and optical products | 17.9 | -11.3 | -11.3 |
| manufacture of wood and wood products | 1.9 | 10.9 | 10.9 |
| manufacture of food products | 3.1 | 3.0 | 3.0 |
| manufacture of fabricated metal products | 10.4 | -0.2 | -0.2 |
| manufacture of electrical equipment | 7.5 | -10.1 | -10.1 |
| manufacture of chemicals and chemical products | 2.3 | -11.4 | -11.4 |
| manufacture of furniture | 0.4 | 2.3 | 2.3 |
| manufacture of motor vehicles | 8.0 | 23.0 | 23.0 |
| manufacture of building materials | 3.1 | -3.6 | -3.6 |
| manufacture of machinery and equipment | -0.4 | -7.2 | -7.2 |
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.