Electronics industry drove the growth of industrial production in January
In January the increase in manufacturing was 4% compared to January of the previous year. Among the branches of industry holding larger shares, the production grew more in the manufacture of food products, electrical equipment and chemical products. The volume of production fell in the manufacture of wood and metal products, motor vehicles and machinery and equipment.
73% of the whole production of manufacturing was sold on the external market in January. Export sales of the manufacturing production grew 14% in January compared to the same month of the previous year, domestic sales increased 6%. Also the increase in exports was mainly caused by the rapid growth in sales of electronic products.
In January 2013 compared to December 2012, the seasonally adjusted total industrial production as well as the production in manufacturing did not change significantly.
Compared to January 2012, the production of electricity increased by 23% and the production of heat increased by 7%. The growth of electricity production was mainly caused by the increase in exports, as well as by the growth in electricity consumption compared to January 2012.
The volume index and trend of production in manufacturing, January 2003 – January 2013 (2005 = 100)
| 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 | 0.3 | 5.5 | 5.5 |
| Energy production | -3.5 | 17.2 | 17.2 |
| Mining | 11.1 | -3.4 | -3.4 |
| Manufacturing | 0.2 | 4.2 | 4.2 |
| manufacture of computer, electronic and optical products | 34.8 | 28.7 | 28.7 |
| manufacture of wood and wood products | 1.9 | -0.7 | -0.7 |
| manufacture of food products | 2.0 | 7.8 | 7.8 |
| manufacture of fabricated metal products | -16.6 | -0.7 | -0.7 |
| manufacture of electrical equipment | 28.3 | 9.7 | 9.7 |
| manufacture of chemicals and chemical products | 4.6 | 8.0 | 8.0 |
| manufacture of furniture | -1.0 | -2.1 | -2.1 |
| manufacture of motor vehicles | -2.7 | -7.4 | -7.4 |
| manufacture of building materials | 5.6 | 12.5 | 12.5 |
| manufacture of machinery and equipment | 5.6 | -2.5 | -2.5 |
a In 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 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.