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In March industrial production decreased compared to the previous year

Metallkonstruktsioonide valmistamine. PHOTO: Dmitri Kotjuh / Järva Teataja

According to Statistics Estonia, in March 2014, the production of industrial enterprises fell 3% compared to March of the previous year. The production in energy and mining decreased, while the production in manufacturing increased.

Compared to March 2013, the production of electricity decreased by 21% and the production of heat decreased by 26%. The decrease in electricity production was mainly caused by reduced consumption and a decrease in export.

In March, the increase in manufacturing was 1% compared to March of the previous year. Among the branches of industry holding larger shares, production rose in the manufacture of wood, food products and electrical equipment. The volume of production fell in the manufacture of electronic, chemical and metal products.

In March, 71% of the whole production of manufacturing was sold on the external market. Compared to the same month of the previous year, export sales of manufacturing production rose 5% and domestic sales increased 10% at current prices.

In March 2014, compared to February 2014, the seasonally adjusted total industrial production increased 1%; production in manufacturing remained at the level of February.

The volume index and trend of production in manufacturing, January 2005 – March 2014

(2010 = 100)

Diagram: The volume index and trend of production in manufacturing

Change in volume index of industrial production, March 2014
(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
TOTAL1.1-0.5-2.9
Energy production2.2-22.8-24.0
Mining1.9-0.3-2.1
Manufacturing0.43.81.0
manufacture of computer, electronic and optical products4.02.6-0.4
manufacture of wood and wood products0.710.98.4
manufacture of food products2.711.69.6
manufacture of fabricated metal products1.61.5-1.9
manufacture of electrical equipment2.08.64.7
manufacture of chemicals and chemical products-4.0-1.4-4.5
manufacture of furniture2.98.24.4
manufacture of motor vehicles-6.79.56.5
manufacture of building materials4.414.912.1
manufacture of machinery and equipment-6.6-11.5-14.5

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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