In January, production volumes in the energy sector increased by a third
According to Statistics Estonia, in January 2021, the total production of industrial enterprises increased by 1% year on year. Production decreased in mining by 13%, remained unchanged in manufacturing and increased by 33% in the energy sector.
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.
Helle Bunder, analyst at Statistics Estonia, said that in January production volumes fell in a half of manufacturing activities. “Among the activities with larger shares, production fell in the manufacture of food products and in the manufacture of computers and electronic products, which had recorded growth in the previous six months. In January, there was an increase in the manufacture of wood, which had also grown in the previous half a year, and in the manufacture of metal products,” added Bunder.
Of the total production of manufacturing, 67% was sold to the external market. The share of export sales was the largest in the manufacture of pharmaceuticals and the manufacture of computers and electronic products. According to unadjusted data, the sales of production for export decreased by 7% and sales to the domestic market by 16% year on year.
In January 2021, compared to December 2020, the seasonally adjusted total industrial production decreased by 1% and the production of manufacturing by 2%.
In energy production, the volume of electricity production (in megawatt-hours) increased by 34% and the production of heat by 32% compared to January 2020.
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 different 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:
Kaia-Liisa Tabri
Communications Partner
Marketing and Dissemination Department
Statistics Estonia
Tel +372 507 0521