In 2016, industrial production increased

News
Posted on 31 January 2017, 10:00

According to the preliminary data of Statistics Estonia, in 2016, the production of industrial enterprises rose 2% compared to the previous year. Production increased in energy and in manufacturing, but decreased in mining.

Whereas at the beginning of 2016, the production in manufacturing experienced a fall and a rise, since September the volume of production compared to the same month of the previous year increased steadily. In 2016, the total production in manufacturing was 2% higher than in 2015. In more than two thirds of the branches of industry production surpassed the volume of the previous year. The growth in the production of manufacturing was positively influenced by the branches with larger shares: manufacture of wood products increased 6%, manufacture of electrical equipment 14%, manufacture of furniture 4%, manufacture of textiles 13%. The growth in the production of manufacturing was negatively influenced by the manufacture of electronic, metal and chemical products, where production decreased.

In 2016, export sales as well as sales on the domestic market rose about 2% compared to 2015. 69% of the whole production of manufacturing was sold on the external market.

In December 2016, the working-day adjusted industrial production increased 10% compared to December 2015; the production of manufacturing rose 8%. In December 2016 compared to December 2015, the production of electricity increased by 22% and the production of heat by 17%.

In December 2016 compared to November, the seasonally adjusted industrial production decreased 1%; the production of manufacturing increased 1%.

Volume index of production in manufacturing

Change in volume index of industrial production, 2016 and December 2016
(percentages)
Economic activity 2016 compared to 2015 December 2016
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 2.3 -1.0 10.0 10.0
Energy production 14.5 -12.3 19.8 19.8
Mining -15.6 -1.1 12.9 12.9
Manufacturing 2.1 1.4 8.2 8.2
manufacture of computer, electronic and optical products -3.4 1.6 3.5 3.5
manufacture of wood and wood products 5.6 2.0 9.9 9.9
manufacture of food products 0.1 -0.1 2.5 2.6
manufacture of fabricated metal products -0.4 -2.2 5.8 5.8
manufacture of electrical equipment 14.0 9.2 27.1 27.1
manufacture of chemicals and chemical products 13.0 -8.4 5.5 5.7
manufacture of furniture 3.8 -0.7 -5.3 -5.3
manufacture of motor vehicles 5.6 0.1 1.3 1.3
manufacture of building materials 6.7 1.9 3.8 3.8
manufacture of machinery and equipment 0.4 8.4 8.1 8.1

a In the case of the seasonally adjusted volume index, the impact of different number of working days in a month and seasonally recurring factors has been eliminated. It is calculated only in comparison with the previous period.

b In the case of the working-day adjusted volume index, the impact of different 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 15.01.2017, and “Energy production, sales and fuel consumption”, the submission date of which was 10.01.2017. Statistics Estonia published the monthly overview in 12 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 conducting this statistical activity.