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In February the industrial production grew compared to the previous year

Keevitaja. PHOTO: Toomas Huik

According to Statistics Estonia, in February 2013, the production of industrial enterprises increased by 3% compared to February of the previous year.

The increase in manufacturing was 4% compared to February of the previous year. The growth in the production was most of all influenced by the increase in the manufacturing of electronic and wood products. Among the branches of industry holding larger shares, the production grew also in the manufacture of metal and chemical products. The volume of production fell in the manufacture of food products, electrical equipment and machinery and equipment.

In February, 73% of the whole production of manufacturing was sold on the external market. Export sales of the manufacturing production grew 7% in February compared to the same month of the previous year, domestic sales increased 2%.

In February 2013 compared to January, the seasonally adjusted total industrial production decreased 4%, the production in manufacturing fell 2%.

Compared to February 2012, the production of electricity increased by 10% and the production of heat decreased by 19%. The growth of electricity production was mainly caused by the increase in exports compared to February 2012.

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

Diagram: The volume index and trend of production in manufacturing

Change in volume index of industrial production, February 2013 (percentages)
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-3.93.23.2
Energy production-6.2-1.0-1.0
Mining5.53.53.5
Manufacturing-2.14.04.0
manufacture of computer, electronic and optical products-8.25.85.8
manufacture of wood and wood products5.014.414.4
manufacture of food products-7.0-6.0-6.0
manufacture of fabricated metal products1.714.614.6
manufacture of electrical equipment-17.8-9.8-9.8
manufacture of chemicals and chemical products2.937.237.2
manufacture of furniture-1.52.62.6
manufacture of motor vehicles10.93.63.6
manufacture of building materials3.024.724.7
manufacture of machinery and equipment-8.3-13.9-13.9

aIn 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.

bIn 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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