In January, the volume of industrial production was greater than a year ago
The news release was corrected on 03.03.2017. Please consider the data marked in red as correct.
According to Statistics Estonia, in January 2017, the production of industrial enterprises increased 7% compared to January of the previous year. Production increased in mining and quarrying and manufacturing, but decreased in the energy sector.
In January, manufacturing production was 7% higher compared to the corresponding month of 2016. Production growth was broad-based – in January, production surpassed the volume of the January of the previous year in two-thirds of the branches of industry. The growth in production was mostly due to an increase in the manufacture of wood products, electrical equipment and metal products. Production increased also in the manufacture of textiles, motor vehicles and building materials. Production fell in the manufacture of electronic products, food products and furniture.
In January, 69% of the total production of manufacturing was sold to the external market. According to unadjusted data, the sales of manufacturing production for export increased 14% and sales to the domestic market rose 8% compared to January 2016. In January 2017, there were two working days more than last year.
In January 2017, the seasonally adjusted total industrial production as well as production in manufacturing remained on the level of the previous month.Compared to January 2016, the production of electricity increased 6% and the production of heat decreased 13%.
|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 unadjusted data||according to working-day adjusted datab|
|manufacture of computer, electronic and optical products||-9.4||-1.5||-6.9|
|manufacture of wood and wood products||-1.5||14.2||9.1|
|manufacture of food products||-3.4||3.4||-0.5|
|manufacture of fabricated metal products||7.0||21.0||12.9|
|manufacture of electrical equipment||-11.4||21.2||12.7|
|manufacture of textiles||5.2||23.5||15.5|
|manufacture of furniture||1.3||0.4||-6.9|
|manufacture of motor vehicles||11.7||19.9||14.3|
|manufacture of building materials||4.2||18.9||13.4|
|manufacture of machinery and equipment||-0.1||6.8||-0.2|
a In the case of the seasonally adjusted volume index of industrial production, the impact of different number 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 of industrial production, the impact of different number of working days in a month has been eliminated. It is calculated only in comparison with the corresponding period of the previous year.
The statistics are based on the questionnaires “Industry”, the submission date of which was 17.02.2017, and “Energy production, sales and fuel consumption”, the submission date of which was 10.02.2017. Statistics Estonia published the monthly overview in 8 working days. For the statistical activity “Production indices”, the main representative of public interest is the Ministry of Economic Affairs and Communications, commissioned by whom Statistics Estonia collects and analyses the data necessary for performing this statistical activity.
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