The small growth in industry in November

In November 2007, the seasonally adjusted industrial production of Estonia fell 1% compared to October. In comparison with November of the previous year, the industrial production increased 4%, in manufacturing 2%. The rapid growth lasted in energy production and mining.

In November 2007, compared to November of the previous year, the production of electricity increased 37%, the production of heat increased 7%. The growth in the production of energy has been caused by the exports via Estlink’s submarine cable.

In November compared to November of the previous year, the small growth in manufacturing continued. The sector of industry holding the largest share, i.e. the production of food, increased 4%. With regard to the branches of food production, the increase was observed in all branches except the production of milk products. The production of milk products, where the prices rose by more than one third during the year, decreased 4%. The production grew in all branches of machinery and apparatus manufacturing, mainly due to increase in exports. Compared to November of the previous year, the growth of production was the highest in the manufacture of precision instruments (37%). The production of furniture is in stable small growth. In November the small growth was in the manufacture of textiles, because of the increase in the production of sewn textile articles, while the production of yarn and fabric continues to decrease. The production of chemicals and building materials remained on the level of the previous year.

The downward trend continues in the manufacturing of wood, the production of metal products also decreased. The rise in the prices of raw materials constitutes a problem for these branches. The production of plastic products decreased since August, the decline was mainly influenced by the decrease of export production.

The trend of volume index of production in manufacturing, January 1998 – November 2007 (2000 = 100)

Change in volume index of industrial production, November 2007 (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	-0.7	4.4	4.4
Energy production	5.0	26.6	26.6
Mining	-5.7	14.7	14.7
Manufacturing	-1.0	1.7	1.7
manufacture of food products and beverages	-3.2	4.1	4.1
manufacture of wood and wood products	-6.3	-10.1	-10.1
manufacture of fabricated metal products	-3.7	-9.0	-9.0
manufacture of electrical machinery	9.4	15.7	15.7
manufacture of building materials	-0.4	0.0	0.0
manufacture of chemicals and chemical products	-6.5	0.0	0.0
manufacture of furniture; manufacturing not elsewhere classified	-2.1	0.7	0.7
manufacture of radio, television and communication equipment and apparatus	-7.3	25.5	25.5
manufacture of textiles	-3.5	1.3	1.3

^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 are available in the Statistical Database.