In May, the volume of industrial production was slightly greater than a year ago
According to Statistics Estonia, in May 2018, the production of industrial enterprises increased by 3% compared to May 2017. Production increased in manufacturing and in mining, but decreased substantially in energy.
In May, the total production in manufacturing was 5% higher compared to the corresponding month of 2017. In May, over a half of the branches of industry exceeded the volume of the same month of the previous year. The growth in production was mostly due to an increase in the manufacture of food products, manufacture of wood as well as manufacture of electronic equipment. Production increased considerably also in the manufacture of chemical products and refined petroleum products. Among the branches of industry with larger shares, production fell in the manufacture of metal products and furniture.
In May, 68% of the total production of manufacturing was sold to the external market. According to unadjusted data, sales of manufacturing production for exports increased by 5% and sales to the domestic market increased by 2% compared to May 2017.
In May 2018, compared to April, the seasonally adjusted total industrial production decreased by 0.4%. The production of manufacturing increased compared to the previous month by 1%.
Compared to May 2017, the production of electricity decreased by 30%, but the production of heat increased by 50%.
|Economic activity||Change on previous month according to seasonally adjusted dataa||Change on same month of previous year|
|according to unadjusted data||according to working-day adjusted datab|
|manufacture of wood and wood products||4.9||12.3||12.3|
|manufacture of food products||1.9||6.8||6.8|
|manufacture of computer, electronic and optical products||1.1||22.0||22.0|
|manufacture of fabricated metal products||-5.9||-6.4||-6.4|
|manufacture of electrical equipment||-4.6||-5.0||-5.0|
|manufacture of furniture||3.4||-7.6||-7.6|
|manufacture of motor vehicles||7.9||15.0||15.0|
|manufacture of building materials||5.1||-0.3||-0.3|
|manufacture of machinery and equipment||-1.5||13.3||13.3|
|manufacture of chemical products||-2.1||5.9||5.9|
a In the case of the seasonally adjusted volume index, 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, 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 17.06.2018, and “Energy production, sales and fuel consumption”, the submission date of which was 10.06.2018. Statistics Estonia published the monthly overview in 10 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 conducting this statistical activity.
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