In September, the volume of industrial production increased

News
Posted on 31 October 2016, 10:00

According to Statistics Estonia, in September 2016, the production of industrial enterprises increased 7% compared to September of the previous year. Production increased in manufacturing and the energy sector, but decreased in mining and quarrying.

In September, manufacturing production rose 5% compared to September 2015. The production growth was broad-based – in September, 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 electrical equipment, chemical products and textiles. Production rose also in the manufacture of wood products, building materials and motor vehicles. Production fell in the manufacture of electronic, food and metal products.

In September, 71% of the whole production of manufacturing was sold on the external market. According to unadjusted data, the export sales of manufacturing production rose 10% and domestic sales 1% compared to September 2015.

In September 2016 compared to the previous month, the seasonally adjusted total industrial production rose 5%, with production in manufacturing having increased 6%.

Compared to September 2015, the production of electricity increased 33% and the production of heat 3%.

Diagram: Volume index of production in manufacturing and its trend

Change in volume index of industrial production, September 2016
(percentages)
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 5.1 6.5 6.5
Energy production 0.0 26.4 26.4
Mining 8.4 -3.6 -3.6
Manufacturing 6.0 5.2 5.2
manufacture of computer, electronic and optical products -1.1 -8.2 -8.2
manufacture of wood and wood products 0.0 0.6 0.6
manufacture of food products -1.9 -2.3 -2.3
manufacture of fabricated metal products 3.9 -1.5 -1.5
manufacture of electrical equipment 5.2 18.5 18.5
manufacture of textiles 2.0 13.3 13.6
manufacture of furniture -5.0 1.8 1.8
manufacture of motor vehicles 5.1 10.2 10.2
manufacture of building materials 2.3 7.2 7.2
manufacture of machinery and equipment 6.9 -0.5 -0.5

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 15.10.2016, and “Energy production, sales and fuel consumption”, the submission date of which was 10.10.2016. Statistics Estonia published the monthly overview in 10 working days.