In September industrial production decreased

Tööstusse investeeritakse jätkuvalt. Pildil Kunda tsemenditehas.

PHOTO: Helin Loik / Ehitaja

According to Statistics Estonia, in September 2013, the production of industrial enterprises decreased by 1% compared to September of the previous year. The decline in the production was most of all influenced by the decrease in the manufacture of electronic products.

Since January manufacturing showed a stable 2–6% growth compared to the same month of the previous year, whereas in August the production in manufacturing remained on the level of August 2012 and in September the production decreased 2%. The production did not exceed the volume of the previous year in about half of the branches of industry. Among the branches of industry holding larger shares, production fell in the manufacture of electronic products, electrical equipment and chemical products. The volume of production grew in the manufacture of wood, food and metal products.

In September, 70% of the whole production of manufacturing was sold on the external market. The export sales of manufacturing fell 3% compared to September 2012, while domestic sales increased 4%.

In September 2013 compared to August, the seasonally adjusted total industrial production decreased by 1%; manufacturing production remained on the level of the previous month.

Compared to September 2012, the production of electricity increased by 17%, while the production of heat fell by 8%.

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

Diagram: The volume index and trend of production in manufacturing

Change in volume index of industrial production, September 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
TOTAL-0.61.7-0.7
Energy production-1.112.511.0
Mining-5.87.55.6
Manufacturing-0.30.3-2.3
manufacture of computer, electronic and optical products-13.5-12.0-14.6
manufacture of wood and wood products0.810.98.5
manufacture of food products3.98.76.9
manufacture of fabricated metal products2.34.61.1
manufacture of electrical equipment-2.5-13.4-16.3
manufacture of chemicals and chemical products-2.4-1.1-3.8
manufacture of furniture0.94.81.1
manufacture of motor vehicles4.810.87.9
manufacture of building materials-5.48.66.0
manufacture of machinery and equipment-6.5-19.4-22.2

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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