According to Statistics Estonia, the industrial production in February 2008 increased compared to January as well as compared to February of the previous year.
In February 2008, the seasonally adjusted industrial production of Estonia rose 2% compared to January.
In comparison with February of the previous year, the industrial production increased 3%, in manufacturing 5%. The growth in manufacturing was mainly influenced by the increase in the production of metal products, chemicals and electrical machinery, mainly due to the increase in exports. The share of exports in the manufacturing of chemicals and electrical machinery was over 80%. The share of exports in the total manufacturing has been growing continuously and exceeded 60% in January and February 2008.
The decrease was observed in food production, where the production of milk products and beverages fell about 20% compared to February of the previous year. In the manufacturing of food, which is the leader in price increase, the prices rose 20% during the year, in the manufacturing of milk products the increase was more than 40%, in the manufacturing of grain mill products — more than 60%. The decrease in the production of beverages was also affected by the raise of excise taxes which significantly decreased the sale of strong alcoholic beverages. Compared to February of the previous year, the production of building materials fell 18% in connection with a slowdown in construction activities. The downward trend continued in the manufacturing of wood, the production of furniture also decreased.
In February 2008, compared to February of the previous year, the production of electricity decreased 3%, the production of heat 23%. The decrease in electricity production was caused by the fall in exports and partly replacement of own production with imports.
The trend of volume index of production in manufacturing, January 1998 – February 2008
Change in volume index of industrial production, February 2008
(percentage)
| Economic activity | Change compared to
previous month
according to
seasonally adjusted
dataa | Change compared to corresponding
month of previous year |
according to
unadjusted data | according to
working-day
adjusted datab |
| TOTAL | 1.8 | 3.6 | 2.6 |
| Energy production | -10.3 | -10.9 | -10.9 |
| Mining | 2.7 | 18.2 | 16.6 |
| Manufacturing | 2.4 | 6.4 | 5.2 |
| manufacture of food products and beverages | -0.4 | -3.1 | -4.5 |
| manufacture of wood and wood products | 3.9 | -0.9 | -2.5 |
| manufacture of fabricated metal products | 3.5 | 6.7 | 4.0 |
| manufacture of electrical machinery | 8.0 | 38.0 | 22.8 |
| manufacture of building materials | 2.9 | -16.8 | -17.8 |
| manufacture of chemicals and chemical products | 11.6 | 21.9 | 19.8 |
| manufacture of furniture; manufacturing not elsewhere classified | -0.5 | -2.7 | -4.9 |
| manufacture of radio, television and communication equipment and apparatus | 2.0 | 15.6 | 15.6 |
| manufacture of textiles | -5.5 | 3.8 | 1.6 |
a In case of the seasonally adjusted volume index, the impact of the differing numbers of working days in a month and seasonally recurring factors has been eliminated. It is calculated only in comparison with the previous period.
b In the case of the working-day adjusted volume index, 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.
For further information: Lilian Bõkova
Leading Statistician
Industry, Construction and Energy Statistics Service
Statistics Estonia
Tel +372 625 9228 | More detailed data have been published in the Statistical Database. |
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