In 2015, industrial production decreased
While at the beginning of 2015 manufacturing production grew compared to the same month of the previous year, then in the second half year the growth turned into decline. In 2015, production in manufacturing fell 1% compared to 2014. More than half of the branches of industry did not surpass the volume of the previous year. The growth in the production of manufacturing was negatively influenced by the branches holding bigger shares: the manufacture of electronic products decreased 4%, the manufacture of chemical products 12% and the manufacture of building materials 5%. Although in many of the branches of industry that hold larger shares (the manufacture of wood products, metal products, electrical equipment, furniture and motor vehicles) production rose, it did not compensate for the fall in other, smaller branches.
In 2015, both exports and domestic sales of manufacturing production decreased. 70% of the whole production of manufacturing was sold on the external market. Export sales as well as sales on the domestic market fell about 2% compared to 2014.
In December 2015, the working-day adjusted industrial production decreased 9% compared to December 2014; the production of manufacturing fell 7%. In December 2015 compared to December 2014, the production of electricity decreased by 23% and the production of heat by 16%.
In December 2015 compared to November, the seasonally adjusted industrial production decreased 3%; the production of manufacturing fell 2%.
| Economic activity | 2015 compared to 2014 | December 2015 | ||
|---|---|---|---|---|
| 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 | -2.2 | -3.0 | -6.5 | -8.8 |
| Energy production | -13.4 | -5.6 | -20.1 | -21.1 |
| Mining | -4.7 | 1.0 | -11.9 | -13.6 |
| Manufacturing | -0.6 | -2.3 | -3.9 | -6.5 |
| manufacture of computer, electronic and optical products | -3.6 | 5.5 | -8.7 | -11.3 |
| manufacture of wood and wood products | 7.0 | 1.0 | 4.5 | 2.1 |
| manufacture of food products | 0.1 | 0.8 | 1.1 | -0.4 |
| manufacture of fabricated metal products | 0.8 | -11.8 | -8.4 | -11.5 |
| manufacture of electrical equipment | 3.1 | 8.9 | 5.4 | 1.5 |
| manufacture of chemicals and chemical products | -12.4 | -10.0 | -8.7 | -11.5 |
| manufacture of furniture | 7.1 | -2.4 | 13.2 | 9.2 |
| manufacture of motor vehicles | 6.2 | 6.9 | 4.5 | 1.9 |
| manufacture of building materials | -5.1 | 3.5 | 4.5 | 2.0 |
| manufacture of machinery and equipment | 1.7 | 3.1 | 6.9 | 3.3 |
a In the case of the seasonally adjusted volume index, the impact of the differing numbers of working days in a month and seasonally recurring factors has been eliminated. It is calculated only in comparison with the previous period.
b In the case of the working-day adjusted volume index, 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.
The statistics are based on the questionnaires “Industry”, the submission date of which was 15.01.2016, and “Energy production, sales and fuel consumption”, the submission date of which was 10.01.2016. Statistics Estonia published the monthly overview in 10 working days.