In February industrial production remained on the level of the previous year
According to Statistics Estonia, in February 2014, the production of industrial enterprises did not change compared to February of the previous year. The production in manufacturing and mining increased, while the production in energy decreased.
In February, the increase in manufacturing was 3% compared to February of the previous year. Among the branches of industry holding larger shares, production rose in the manufacture of wood, food products and electrical equipment. The volume of production fell in the manufacture of electronic and metal products.
In February, 71% of the whole production of manufacturing was sold on the external market. Export sales of manufacturing production fell 4% in February compared to the same month of the previous year, and domestic sales increased 3%. The decrease in exports was mainly caused by a decline in the sales of electronic, refined petroleum, chemical and metal products.
In February 2014, compared to January 2014, the seasonally adjusted total industrial production decreased 2%; production in manufacturing fell 1%.
Compared to February 2013, the production of electricity decreased by 18% and the production of heat decreased by 12%. The decrease in 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 – February 2014 (2010 = 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 workingday adjusted datab | ||
| TOTAL | -2.1 | -2.3 | 0.1 |
| Energy production | -9.4 | -16.0 | -14.8 |
| Mining | 3.4 | -1.1 | 0.7 |
| Manufacturing | -0.9 | 0.4 | 3.2 |
| manufacture of computer, electronic and optical products | -1.0 | -7.5 | -4.6 |
| manufacture of wood and wood products | -1.3 | 3.1 | 5.6 |
| manufacture of food products | -2.3 | 3.8 | 5.6 |
| manufacture of fabricated metal products | -7.6 | -11.2 | -8.0 |
| manufacture of electrical equipment | 4.8 | 8.2 | 12.2 |
| manufacture of chemicals and chemical products | 11.5 | -3.2 | -0.1 |
| manufacture of furniture | -2.1 | -3.8 | -0.2 |
| manufacture of motor vehicles | -4.9 | 3.5 | 6.3 |
| manufacture of building materials | 5.0 | -3.1 | -0.7 |
| manufacture of machinery and equipment | 5.9 | 7.0 | 10.8 |
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.