The volume of industrial production reached last year’s level
According to Statistics Estonia, in July 2020, the production of industrial enterprises was the same as in July 2019. Production decreased in manufacturing but increased in energy and mining.
In July, the total production in manufacturing decreased by 1% year on year. According to Helle Bunder, analyst at Statistics Estonia, manufacturing showed signs of recovery in July, as more than a half of manufacturing activities exceeded last year’s volumes. “Among the activities with larger shares, production increased in the manufacture of electrical equipment, computers and electronic products as well as in the manufacture of wood and products of wood. Production decreased in the manufacture of metal products and food products,” added Bunder.
67% of the total production of manufacturing was sold to the external market. The shares of sales for export were largest in the manufacture of computers and electronic products. According to unadjusted data, the sales of manufacturing production for export increased by 2% year on year, while sales to the domestic market decreased by 11%.
In July, compared to June, the seasonally adjusted total industrial production increased by 3% and the production of manufacturing by 4%.
In energy production, the production of electricity increased by 5% and the production of heat of remained at July 2019 level.
| Economic activity | Change on previous month according to seasonally adjusted data* | Change on same month of previous year | |
|---|---|---|---|
| according to unadjusted data | according to working-day adjusted data** | ||
| TOTAL | 2.7 | -0.4 | -0.4 |
| Energy production | -0.4 | 2.9 | 2.9 |
| Mining | -14.0 | 1.9 | 1.9 |
| Manufacturing | 4.4 | -0.6 | -0.6 |
| ..manufacture of wood and wood products | 5.9 | 4.9 | 5.0 |
| ..manufacture of food products | 0.2 | -3.7 | -3.7 |
| ..manufacture of computers, electronic and optical products | -5.8 | 10.8 | 10.8 |
| ..manufacture of fabricated metal products | -4.7 | -7.7 | -7.9 |
| ..manufacture of electrical equipment | 8.8 | 4.7 | 4.7 |
| ..manufacture of furniture | -5.9 | 3.0 | 3.1 |
| ..manufacture of motor vehicles | 3.3 | -10.7 | -10.7 |
| ..manufacture of building materials | 2.6 | -13.9 | -13.9 |
| ..manufacture of machinery and equipment | 4.5 | -7.6 | -7.6 |
| ..manufacture of chemical products | 1.6 | 1.4 | 1.4 |
* The impact of different number of working days in a month and seasonally recurring factors has been eliminated. It is calculated only in comparison with the previous period.
** The impact of different number of working days in a month has been eliminated. It is calculated only in year-on-year comparisons.
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.
More detailed data have been published in the statistical database.
For further information:
Kadri Kütt
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9181