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In August, the increase in industrial production continued

Elcoteqi tehas Tallinnas PHOTO: Liis Treimann

According to Statistics Estonia, in August 2014, the production of industrial enterprises rose 3% compared to August of the previous year. The production increased in manufacturing, while in mining and energy 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 August, the increase in manufacturing was 6% compared to August of the previous year. Production exceeded the volume of August 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 building materials and wearing apparel.

In August, 71% of the whole production of manufacturing was sold on the external market. Compared to August 2013, export sales of manufacturing production rose 2% and domestic sales decreased 3% according to unadjusted data.

In August 2014 compared to July, the seasonally adjusted total industrial production decreased 2% and the production in manufacturing remained on the same level.

Compared to August 2013, the production of electricity fell 8% and the production of heat increased 3%.

Diagram: The volume index and trend of production in manufacturing

Change in volume index of industrial production, August 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

TOTAL-2.00.53.0
Energy production-6.1-6.8-5.3
Mining-13.5-18.0-16.4
Manufacturing0.13.15.9
manufacture of computer, electronic and optical products0.89.012.4
manufacture of wood and wood products3.34.77.1
manufacture of food products-0.73.34.9
manufacture of fabricated metal products-0.50.54.0
manufacture of electrical equipment-1.9-1.22.5
manufacture of chemicals and chemical products17.4-2.60.5
manufacture of furniture2.2-2.90.6
manufacture of motor vehicles12.2-0.22.4
manufacture of building materials-2.4-7.6-5.3
manufacture of machinery and equipment-1.52.56.0
manufacture of refined petroleum products-1.28.38.3

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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