According to Statistics Estonia, in July 2014, the production of industrial enterprises rose 2% compared to July of the previous year. The production increased in manufacturing and energy, while in mining the production decreased.
Since January, manufacturing has shown a stable 1‒6% growth in production compared to the same month of the previous year. In July, the increase in manufacturing was 5% compared to July of the previous year. Production exceeded the volume of July 2013 in most of the branches of industry. The growth in production was influenced the most by an increase in the manufacture of electronic, wood and food products. The volume of production fell in the manufacture of chemicals, motor vehicles and building materials.
In July, 68% of the whole production of manufacturing was sold on the external market. Compared to July 2013, export sales of manufacturing production rose 4% and domestic sales increased 6% according to unadjusted data In July 2014 compared to June, the seasonally adjusted total industrial production increased 3% and the production in manufacturing increased 2%.
Compared to July 2013, the production of electricity increased 7% and the production of heat fell 3%.
The volume index and trend of production in manufacturing, January 2005 – July 2014 (2010 = 100)
Change in volume index of industrial production, July 2014 (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 working-day|
|manufacture of computer, electronic and optical products||7.8||9.7||9.7|
|manufacture of wood and wood products||-2.0||13.9||13.9|
|manufacture of food products||-1.1||3.1||3.2|
|manufacture of fabricated metal products||-5.9||3.8||3.8|
|manufacture of electrical equipment||-0.4||7.0||7.0|
|manufacture of chemicals and chemical products||5.5||-18.0||-18.0|
|manufacture of furniture||-3.8||-2.3||-2.3|
|manufacture of motor vehicles||-11.5||-14.5||-14.5|
|manufacture of building materials||3.2||-4.8||-4.8|
|manufacture of machinery and equipment||-7.6||5.7||5.7|
|manufacture of refined petroleum products||2.1||4.7||4.7|
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.