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In May the growth of industrial production continued

Estonian Matchi väiksem tehas Viljandis. PHOTO: Elmo Riig / Sakala

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

Since January, manufacturing showed a stable 2–6% growth compared to the same month of the previous year. In May the production in manufacturing increased by 6% compared to May 2012. The production exceeded the volume of the previous year in more than half of the branches of industry. Among the branches of industry holding larger shares, the production grew in the manufacture of electronic, food, wood and chemical products. The volume of production fell in the manufacture of furniture, plastic products and machinery and equipment.

In May, 71% of the whole production of manufacturing was sold on the external market. According to unadjusted data, the export sales of manufacturing production grew 12% compared to May 2012. The demand on the domestic market was lower – domestic sales increased 5% compared to May 2012.

In May 2013 compared to April, the seasonally adjusted total industrial production as well as manufacturing production both increased 2%.

Compared to May 2012, the production of electricity increased by 17%, while the production of heat fell 13%. The growth of electricity production was mainly caused by the increase in exports compared to May of the previous year.

The volume index and trend of production in manufacturing, January 2004 – May 2013 (2010 = 100)
 

Diagram: The volume index and trend of production in manufacturing

Change in volume index of industrial production, May 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
TOTAL2.06.36.3
Energy production-1.510.710.7
Mining0.34.34.3
Manufacturing2.06.06.0
manufacture of computer, electronic and optical products4.822.622.6
manufacture of wood and wood products1.95.85.8
manufacture of food products4.44.34.3
manufacture of fabricated metal products9.93.93.9
manufacture of electrical equipment12.92.82.8
manufacture of chemicals and chemical products17.127.327.3
manufacture of furniture1.0-3.1-3.1
manufacture of motor vehicles-2.9-0.9-0.9
manufacture of machinery and equipment-5.7-3.3-3.3
manufacture of rubber and plastic products3.7-5.9-5.9
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