In June, the volume of industrial production was greater than a year ago
According to Statistics Estonia, in June 2017, the production of industrial enterprises increased 15% compared to June 2016. Production increased in the energy sector and mining and quarrying as well as in manufacturing.
The nearly two-fold increase in the production of mining and quarrying compared to the previous year was caused by an extraordinary low amount of oil shale production in June 2016.
In June, manufacturing production was 10% higher compared to the corresponding month of 2016. Production growth was broad-based – in June, production surpassed the volume of June 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 in the manufacture of electronic products, furniture and textiles.
In June, 66% of the total production of manufacturing was sold to the external market. According to unadjusted data, the sales of manufacturing production for exports increased 3% and sales to the domestic market 17% compared to June 2016.
In June 2017, the seasonally adjusted total industrial production rose 1% compared to the previous month, production in manufacturing increased by 3%.Compared to June 2016, the production of electricity increased 36% and the production of heat 15%.
|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 wood and wood products||16.9||31.3||28.2|
|manufacture of food products||-1.1||2.8||0.8|
|manufacture of computer, electronic and optical products||-1.2||-8.7||-11.2|
|manufacture of fabricated metal products||-1.1||16.7||12.7|
|manufacture of electrical equipment||2.7||17.4||13.2|
|manufacture of furniture||-0.5||3.5||-0.4|
|manufacture of motor vehicles||-2.5||14.9||12.2|
|manufacture of building materials||2.1||14.9||12.2|
|manufacture of machinery and equipment||4.3||27.3||23.0|
|manufacture of textiles||-2.6||-0.9||-3.7|
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 17.07.2017, and “Energy production, sales and fuel consumption”, the submission date of which was 10.07.2017. Statistics Estonia published the monthly overview in 9 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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