In September, the volume of industrial production in Estonia rose by 4%

According to Statistics Estonia, in September 2017, the production of industrial enterprises increased 4% compared to September 2016. Production increased in mining and quarrying but decreased in the energy sector.

In September, manufacturing production was 4% higher compared to the corresponding month of 2016. In September, production surpassed the volume of the previous year in half of the branches of industry. The growth in production was mostly due to an increase in the manufacture of wood products, food products, metal products and electrical equipment. Production increased considerably also in the manufacture of building materials. Among the branches of industry with larger shares, production fell in the manufacture of electronic equipment and furniture - writes baltic-course.com.

In September, two-thirds of the total production of manufacturing was sold to the external market. According to unadjusted data, the sales of manufacturing production for exports decreased 1% and sales to the domestic market increased 6% compared to September 2016.

In September 2017, the seasonally adjusted total industrial production as well as production in manufacturing increased 2% compared to the previous month.

Compared to September 2016, the production of electricity decreased 20% and the production of heat rose 10%.

Change in volume index of industrial production, September 2017 (%)

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

2.3

1.5

4.0

Energy production

-5.0

-15.3

-15.3

Mining

19.4

27.4

30.0

Manufacturing

1.9

1.6

4.4

manufacture of wood and wood products

4.9

15.0

17.8

manufacture of food products

-0.2

7.4

9.6

manufacture of computer, electronic and optical products

9.1

-4.0

-1.4

manufacture of fabricated metal products

1.8

7.9

11.8

manufacture of electrical equipment

6.6

14.8

19.0

manufacture of furniture

-0.4

-7.6

-4.0

manufacture of motor vehicles

8.8

14.7

17.4

manufacture of building materials

0.4

11.7

14.5

manufacture of machinery and equipment

-0.4

2.7

6.3

manufacture of textiles

3.7

-0.1

2.9

aIn the case of the seasonally adjusted volume index of industrial production, 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.

bIn the case of the working-day adjusted volume index of industrial production, the impact of different 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 17.10.2017, and “Energy production, sales and fuel consumption”, the submission date of which was 10.10.2017. Statistics Estonia published the monthly overview in 9 working days. For the statistical activity “Production indices”, the main representative of public interest is the Ministry of Economic Affairs and Communications, commissioned by whom Statistics Estonia collects and analyses the data necessary for performing this statistical activity.

baltic-course.com
Estonia September production
If you notice an error, highlight the text you want and press Ctrl + Enter to report it to the editor

Comments

Post your comment to communicate and discuss this article.

No results found.