In May the increase in industrial production continued
Since January manufacturing has shown a stable 1‒6% growth in production compared to the same month of the previous year. In May, the increase in manufacturing was 2% compared to May of the previous year. Production exceeded the volume of May 2013 in half of the branches of industry. The growth in production was most influenced by an increase in the manufacture of food, wood products and refined petroleum products. The volume of production fell in the manufacture of electronic and metal products and electrical equipment.
In May, 69% of the whole production of manufacturing was sold on the external market. Compared to May 2013, export sales of manufacturing production fell 8% and domestic sales increased 1% according to unadjusted data. The decrease in exports was mainly caused by the manufacture of electronic products where sales fell one fourth compared to May of the previous year – this had a substantial impact on the total export sales of industrial enterprises.
In May 2014, compared to April, the seasonally adjusted total industrial production increased 1%, while the production in manufacturing remained at the same level as in April.
Compared to May 2013, the production of electricity decreased 5% and the production of heat increased 12%.
The volume index and trend of production in manufacturing, January 2005 – May 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 | 0.9 | -0.3 | 2.2 |
| Energy production | 10.0 | -0.9 | 0.6 |
| Mining | -4.4 | 4.9 | 6.8 |
| Manufacturing | 0.2 | -0.5 | 2.2 |
| manufacture of computer, electronic and optical products | 6.1 | -6.8 | -3.9 |
| manufacture of wood and wood products | 2.6 | 4.6 | 7.0 |
| manufacture of food products | -5.3 | 0.0 | 1.6 |
| manufacture of fabricated metal products | 4.3 | -8.3 | -5.1 |
| manufacture of electrical equipment | -0.4 | -8.9 | -5.5 |
| manufacture of chemicals and chemical products | -5.7 | -9.5 | -6.6 |
| manufacture of furniture | -1.8 | -10.0 | -6.7 |
| manufacture of motor vehicles | 5.5 | 4.2 | 7.1 |
| manufacture of building materials | -3.0 | -2.6 | -0.2 |
| manufacture of machinery and equipment | 10.1 | 17.3 | 21.4 |
| manufacture of refined petroleum products | 8.4 | 32.6 | 32.6 |
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.