In May, the volume of industrial production was greater than a year ago

news release no 76

According to Statistics Estonia, in May 2017, the production of industrial enterprises increased 13% compared to May of the previous year. Production increased in the energy sector and mining and quarrying as well as in manufacturing.

In May, manufacturing production was 8% higher compared to the corresponding month of 2016. Production growth was broad-based – in May, production surpassed the volume of May 2016 in two-thirds of the branches of industry. The growth in production was mostly due to an increase in the manufacture of wood, metal and food products and electrical equipment. Production increased also in the manufacture of motor vehicles, machinery and equipment and building materials. Among the branches of industry with larger shares, production fell only in the manufacture of electronic products.

In May, 67% of the total production of manufacturing was sold to the external market. According to unadjusted data, the sales of manufacturing production for export increased 7% and sales to the domestic market 15% compared to May 2016.

In May 2017, the seasonally adjusted total industrial production remained on the level of the previous month but production in manufacturing fell by 2%.

Compared to May 2016, the production of electricity increased 69% and the production of heat 26%.

Volume index of production in manufacturing and its trend

Change in volume index of industrial production, May 2017
(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 unadjusted data according to working-day adjusted datab
TOTAL -0.3 12.6 12.6
Energy production 8.5 57.9 57.9
Mining 7.1 34.9 34.9
Manufacturing -2.1 7.9 7.9
manufacture of wood and wood products -3.3 6.0 6.0
manufacture of computer, electronic and optical products -2.7 -17.7 -17.7
manufacture of food products 0.6 9.7 9.7
manufacture of fabricated metal products 3.3 15.4 15.4
manufacture of electrical equipment -2.0 14.6 14.6
manufacture of textiles 1.1 5.0 5.1
manufacture of furniture 3.7 5.3 5.3
manufacture of motor vehicles 0.7 17.3 17.3
manufacture of building materials -2.5 9.1 9.1
manufacture of machinery and equipment 6.5 9.5 9.5

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 17.06.2017, and “Energy production, sales and fuel consumption”, the submission date of which was 10.06.2017. 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.

For further information:

Lilian Bõkova
Leading Statistician
Enterprise and Agricultural Statistics Department
Statistics Estonia
Tel +372 625 9223

More detailed data have been published in the Statistical Database (volume index of industrial production and production of electricity and heat).