In May, the volume of industrial production decreased
In May, manufacturing production increased 1% compared to May 2015. The production growth was broad-based – production surpassed the volume of the previous year in two-thirds of the branches of industry. The growth in production was mostly due to an increase in the manufacture of wood, electrical equipment, and electronic and metal products. Among the branches of industry holding larger shares, production fell in the manufacture of food products and machinery and equipment.
In May, 69% of the whole production of manufacturing was sold on the external market. According to unadjusted data, the export sales of manufacturing production rose 4% and domestic sales 9% compared to May 2015.
In May 2016 compared to the previous month, the seasonally adjusted total industrial production fell 3%, with production in manufacturing having decreased 2%.
Compared to May 2015, the production of electricity decreased 19% and the production of heat 16%. The decline in electricity generation was caused by the partial replacement of own production with cheaper imports.
| 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 | -3.3 | 3.0 | -2.0 |
| Energy production | -16.6 | -18.3 | -19.9 |
| Mining | -8.1 | -8.9 | -12.5 |
| Manufacturing | -1.8 | 6.3 | 0.5 |
| manufacture of computer, electronic and optical products | 5.8 | 14.2 | 7.7 |
| manufacture of wood and wood products | 0.3 | 12.5 | 7.3 |
| manufacture of food products | -2.8 | -0.6 | -3.8 |
| manufacture of fabricated metal products | -3.4 | 9.5 | 2.1 |
| manufacture of electrical equipment | -7.2 | 12.4 | 4.3 |
| manufacture of chemicals and chemical products | 34.2 | 6.4 | 0.3 |
| manufacture of furniture | -9.4 | 10.3 | 2.6 |
| manufacture of motor vehicles | -6.2 | 5.3 | 0.1 |
| manufacture of building materials | -4.6 | 9.5 | 4.1 |
| manufacture of machinery and equipment | -3.0 | 2.8 | -3.9 |
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.
The statistics are based on the questionnaires “Industry”, the submission date of which was 15.06.2016, and “Energy production, sales and fuel consumption”, the submission date of which was 10.06.2016. Statistics Estonia published the monthly overview in 9 working days.