In October, the volume of industrial production was greater than a year ago
According to Statistics Estonia, in October 2016, the production of industrial enterprises increased 5% compared to October of the previous year. Production increased in manufacturing and the energy sector, but decreased in mining and quarrying.
In October, manufacturing production rose 2% compared to October 2015. In October, 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 electronic products, electrical equipment and wood products. Production rose also in the manufacture of building materials and metal products. Production fell in the manufacture of furniture and motor vehicles.
In October, 69% of the whole production of manufacturing was sold on the external market. According to unadjusted data, the export sales of manufacturing production as well as domestic sales fell 1% compared to October 2015.
In October 2016 compared to the previous month, the seasonally adjusted total industrial production decreased 1%, with production in manufacturing remaining on the level of the previous month.
Compared to October 2015, the production of electricity increased 38% and the production of heat 13%.
| 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 | -0.8 | 2.0 | 4.6 |
| Energy production | -0.7 | 29.8 | 31.1 |
| Mining | -1.0 | -3.1 | -1.1 |
| Manufacturing | -0.1 | -0.9 | 1.9 |
| manufacture of computer, electronic and optical products | 4.1 | 0.3 | 3.2 |
| manufacture of wood and wood products | 1.6 | 3.6 | 6.1 |
| manufacture of food products | 3.0 | -1.6 | -0.1 |
| manufacture of fabricated metal products | 7.5 | -1.4 | 2.1 |
| manufacture of electrical equipment | 0.0 | 11.3 | 15.5 |
| manufacture of textiles | -3.0 | -3.4 | -0.7 |
| manufacture of furniture | -3.2 | -7.9 | -4.5 |
| manufacture of motor vehicles | 0.1 | -6.6 | -4.4 |
| manufacture of building materials | 3.1 | 16.3 | 19.3 |
| manufacture of machinery and equipment | 2.4 | -3.4 | -0.1 |
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.
The statistics are based on the questionnaires “Industry”, the submission date of which was 15.11.2016, and “Energy production, sales and fuel consumption”, the submission date of which was 10.11.2016. Statistics Estonia published the monthly overview in 11 working days. For the statistical activity “Production indices”, the main representative of public interest is the Ministry of Economic Affairs and Communications, commissioned by whom Statistics Estonia collects and analyses the data necessary for performing this statistical activity.