In March industrial production decreased compared to the previous year
Compared to March 2013, the production of electricity decreased by 21% and the production of heat decreased by 26%. The decrease in electricity production was mainly caused by reduced consumption and a decrease in export.
In March, the increase in manufacturing was 1% compared to March of the previous year. Among the branches of industry holding larger shares, production rose in the manufacture of wood, food products and electrical equipment. The volume of production fell in the manufacture of electronic, chemical and metal products.
In March, 71% of the whole production of manufacturing was sold on the external market. Compared to the same month of the previous year, export sales of manufacturing production rose 5% and domestic sales increased 10% at current prices.
In March 2014, compared to February 2014, the seasonally adjusted total industrial production increased 1%; production in manufacturing remained at the level of February.
The volume index and trend of production in manufacturing, January 2005 – March 2014
(2010 = 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 | 1.1 | -0.5 | -2.9 |
| Energy production | 2.2 | -22.8 | -24.0 |
| Mining | 1.9 | -0.3 | -2.1 |
| Manufacturing | 0.4 | 3.8 | 1.0 |
| manufacture of computer, electronic and optical products | 4.0 | 2.6 | -0.4 |
| manufacture of wood and wood products | 0.7 | 10.9 | 8.4 |
| manufacture of food products | 2.7 | 11.6 | 9.6 |
| manufacture of fabricated metal products | 1.6 | 1.5 | -1.9 |
| manufacture of electrical equipment | 2.0 | 8.6 | 4.7 |
| manufacture of chemicals and chemical products | -4.0 | -1.4 | -4.5 |
| manufacture of furniture | 2.9 | 8.2 | 4.4 |
| manufacture of motor vehicles | -6.7 | 9.5 | 6.5 |
| manufacture of building materials | 4.4 | 14.9 | 12.1 |
| manufacture of machinery and equipment | -6.6 | -11.5 | -14.5 |
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.