In January, industrial production increased compared to the previous year
In January, the production in manufacturing increased 2% compared to the same month of the previous year. The growth in production volume was caused primarily by an increase in the manufacture of electronic and wood products. In January, among the branches of industry holding larger shares, the production rose in the manufacture of metal products, electrical equipment and furniture. Production growth was not broad-based – in January, more than half of the branches of industry did not achieve the volume of the previous year. Among the branches of industry holding larger shares, the volume of production fell in the manufacture of food products, chemical products and motor vehicles.
72% of the whole production of manufacturing was sold on the external market in January. Compared to January 2014, export sales of manufacturing production rose 7% and domestic sales fell 1% according to unadjusted data. The increase in exports was mainly caused by the growth in the sales of electronic products and electrical equipment.
In January 2015 compared to December 2014, the seasonally adjusted total industrial production decreased 2%, production in manufacturing fell 1%.
Compared to January 2014, the production of electricity increased by 5% and the production of heat decreased by 19%.
| 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 | -1.5 | -0.8 | 1.8 |
| Energy production | -5.3 | -5.1 | -3.6 |
| Mining | 6.7 | 4.8 | 7.0 |
| Manufacturing | -1.1 | -0.4 | 2.4 |
| manufacture of computer, electronic and optical products | 8.0 | 22.9 | 26.5 |
| manufacture of wood and wood products | -0.1 | 8.7 | 11.2 |
| manufacture of food products | -3.0 | -4.6 | -3.1 |
| manufacture of fabricated metal products | 3.4 | -0.6 | 2.9 |
| manufacture of electrical equipment | -7.4 | -0.1 | 3.7 |
| manufacture of chemicals and chemical products | -4.0 | -10.1 | -7.3 |
| manufacture of furniture | 9.5 | 0.2 | 3.9 |
| manufacture of motor vehicles | -3.8 | -10.0 | -7.6 |
| manufacture of building materials | 4.2 | -4.2 | -1.9 |
| manufacture of machinery and equipment | -5.1 | -7.4 | -4.1 |
a In the 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 the 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.