In July, the volume of industrial production increased
According to Statistics Estonia, in July 2016, the production of industrial enterprises increased 2% compared to July of the previous year. Production increased in manufacturing and the energy sector, but decreased in mining and quarrying.
In July, manufacturing production rose 1% compared to July 2015. Production surpassed the volume of the previous year in half of the branches of industry.
The growth in production was mostly due to an increase in the manufacture of wood products and electrical equipment. Among the branches of industry holding larger shares, production rose also in the manufacture of textiles, motor vehicles and furniture. Production fell in the manufacture of electronic and metal products and of machinery and equipment.
In July, 68% of the whole production of manufacturing was sold on the external market. According to unadjusted data, the domestic sales of manufacturing production dropped 8% and export sales 6% compared to July 2015. In July 2016, there were two working days less than last year.
In July 2016 compared to the previous month, the seasonally adjusted total industrial production rose 5%, with production in manufacturing having increased 1%.
Compared to July 2015, the production of electricity increased 44% and the production of heat decreased 9%.
| Economic activity | Change compared to the previous monthaccording 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 | 4.6 | -2.7 | 2.2 |
| Energy production | 19.4 | 32.4 | 34.7 |
| Mining | 61.6 | -15.0 | -11.5 |
| Manufacturing | 1.1 | -4.6 | 0.8 |
| manufacture of computer, electronic and optical products | 0.0 | -6.4 | -0.7 |
| manufacture of wood and wood products | 0.5 | 0.0 | 4.8 |
| manufacture of food products | -2.4 | -3.3 | -0.1 |
| manufacture of fabricated metal products | -1.9 | -7.7 | -1.0 |
| manufacture of electrical equipment | 1.1 | 1.2 | 9.1 |
| manufacture of textiles | -5.2 | 6.8 | 14.7 |
| manufacture of furniture | 1.2 | -4.6 | 2.5 |
| manufacture of motor vehicles | 8.8 | 19.5 | 25.5 |
| manufacture of building materials | -8.1 | -4.1 | 1.0 |
| manufacture of machinery and equipment | -1.7 | -25.3 | -20.0 |
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 15.08.2016, and “Energy production, sales and fuel consumption”, the submission date of which was 10.08.2016. Statistics Estonia published the monthly overview in 11 working days.