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Electronics industry drove the growth of industrial production in January

BLRT alumiiniumiosakonna juhataja Kevin Krikk on kõige paremas mõttes oma ala entusiast. Tema sõnul saab kogenud keevitaja juba kuulmise põhjal aru, kas tööd tehakse õigesti või mitte. PHOTO: Toomas Huik

According to Statistics Estonia, in January 2013, the production of industrial enterprises increased by 6% compared to January of the previous year. The growth in the production was most of all influenced by the manufacturing of electronic products and electricity.

In January the increase in manufacturing was 4% compared to January of the previous year. Among the branches of industry holding larger shares, the production grew more in the manufacture of food products, electrical equipment and chemical products. The volume of production fell in the manufacture of wood and metal products, motor vehicles and machinery and equipment.

73% of the whole production of manufacturing was sold on the external market in January. Export sales of the manufacturing production grew 14% in January compared to the same month of the previous year, domestic sales increased 6%. Also the increase in exports was mainly caused by the rapid growth in sales of electronic products.

In January 2013 compared to December 2012, the seasonally adjusted total industrial production as well as the production in manufacturing did not change significantly.

Compared to January 2012, the production of electricity increased by 23% and the production of heat increased by 7%. The growth of electricity production was mainly caused by the increase in exports, as well as by the growth in electricity consumption compared to January 2012.

The volume index and trend of production in manufacturing, January 2003 – January 2013 (2005 = 100)

Change in volume index of industrial production, January 2013 (percentages)
Economic activityChange 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
TOTAL0.35.55.5
Energy production-3.517.217.2
Mining11.1-3.4-3.4
Manufacturing0.24.24.2
manufacture of computer, electronic and optical products34.828.728.7
manufacture of wood and wood products1.9-0.7-0.7
manufacture of food products2.07.87.8
manufacture of fabricated metal products-16.6-0.7-0.7
manufacture of electrical equipment28.39.79.7
manufacture of chemicals and chemical products4.68.08.0
manufacture of furniture-1.0-2.1-2.1
manufacture of motor vehicles-2.7-7.4-7.4
manufacture of building materials5.612.512.5
manufacture of machinery and equipment5.6-2.5-2.5

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.

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