Industrial production took a downturn in September
According to Statistics Estonia, in September, the total production of industrial enterprises decreased by 7.5% at constant prices compared with September 2021. Output increased in just one of the three sectors – by 3.5% in electricity production. Production fell by 7.6% in manufacturing and by 27.1% in mining.
Helle Bunder, analyst at Statistics Estonia, said that, in September, the volume of industrial production1 fell in more than half of the manufacturing activities. “Among the activities with larger shares, there was an increase in output only in the electronics industry and in a few engineering and machine-building activities, namely the manufacture of electronic products (18.1%), manufacture of motor vehicles, trailers and semi-trailers (11.3%), and repair of machinery and equipment (14.2%),” explained Bunder. Among the larger industries, production volumes fell in the manufacture of wood (17.5%), fabricated metal products (18.0%), electrical equipment (3.7%), and food products (3.1%).
In September 2022, the sales of manufacturing production2 increased by 9.0% at constant prices year on year according to working-day adjusted data. Export sales rose by 9.7% and domestic sales by 8.0% compared with September 2021.
67.7% of the total production of manufacturing was sold to the external market.
In September compared with August, the seasonally adjusted total industrial production decreased by 3.5% and the production of manufacturing by 1.5%.
In energy production, compared with September 2021, the volume of electricity production (in megawatt-hours) increased by 22.1%, while the production of heat decreased by 16.8%.
1Volume index of industrial production – an index that expresses the change in the volume of industrial production at constant prices compared with the base period. The producer price index is used for calculating the production values at constant prices.
2 Value index of industrial sales – an index that expresses the change in the value of sold industrial production at current prices compared with the base period.
Industry is the largest sector of the economy and an important driver of economic growth. The index of industrial production covers the economic indicators of three industrial activities: mining, energy production, and manufacturing.
Statistics Estonia performs the statistical activity “Production indices” for the Ministry of Economic Affairs and Communications with the aim to determine the economic situation in Estonia.
Information about various industrial activities can be found on the business dashboards.
See also the dedicated section on industry.
More detailed data have been published in the statistical database.
For further information:
Helen Maria Raadik
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9181
press [at] stat.ee