In August, the volume of industrial production increased
According to Statistics Estonia, in August 2016, the production of industrial enterprises increased 1% compared to August of the previous year. Production increased in the energy sector, but decreased in manufacturing and in mining and quarrying.
Compared to August 2015, the production of electricity increased 49% and the production of heat 9%. More than one-third of the produced electricity was exported.
In August, manufacturing production fell 1% compared to August 2015. Production did not surpass the volume of the previous year in half of the branches of industry. The decline in production was mostly due to a decrease in the manufacture of electronic, food and metal products. Production rose in the manufacture of wood products, electrical equipment and furniture.
In August, 69% of the whole production of manufacturing was sold on the external market. According to unadjusted data, the export sales of manufacturing production rose 8% and domestic sales 4% compared to August 2015. In August 2016, there were three working days more than last year.
In August 2016 compared to the previous month, the seasonally adjusted total industrial production fell 1%, with production in manufacturing having decreased 3%.
| 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 | -0.5 | 8.8 | 1.0 |
| Energy production | 6.0 | 41.3 | 37.0 |
| Mining | 15.7 | -13.3 | -18.4 |
| Manufacturing | -3.3 | 7.7 | -0.8 |
| manufacture of computer, electronic and optical products | -3.0 | 2.1 | -6.4 |
| manufacture of wood and wood products | 1.2 | 11.9 | 4.2 |
| manufacture of food products | 0.6 | 3.9 | -0.8 |
| manufacture of fabricated metal products | -1.6 | 10.3 | -0.6 |
| manufacture of electrical equipment | -0.9 | 22.6 | 9.6 |
| manufacture of textiles | -0.8 | 24.9 | 12.6 |
| manufacture of furniture | 1.2 | 20.3 | 8.0 |
| manufacture of motor vehicles | -11.1 | 7.6 | 0.3 |
| manufacture of building materials | 7.0 | 18.4 | 9.4 |
| manufacture of machinery and equipment | -3.0 | 2.6 | -7.2 |
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 15.09.2016, and “Energy production, sales and fuel consumption”, the submission date of which was 10.09.2016. Statistics Estonia published the monthly overview in 10 working days.