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

news release no 104

According to Statistics Estonia, in August 2018, the production of industrial enterprises increased by 6% compared to August 2017. Production increased in manufacturing and energy, but decreased in mining.

In August, the total production in manufacturing was 5% higher compared to the corresponding month of 2017. In August, 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 computers and electronic products, food products, and refined petroleum and oil shale products. Among the branches of industry with larger shares, production fell in the manufacture of building materials and electrical equipment.

In August, 65% of the total production of manufacturing was sold to the external market. According to unadjusted data, sales to the domestic market increased by 17% compared to August 2017, sales of manufacturing production for exports remained at the same level.

In August 2018, compared to July, the seasonally adjusted total industrial production increased in total by 1%. Production of manufacturing increased by 2% compared to the previous month.

Compared to August 2017, the production of electricity increased by 9%.

The volume index and trend of production in manufacturing, January 2009 – July 2018 (2015 = 100)

Change in volume index of industrial production, August 2018
(percentages)
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
TOTAL 1.4 3.3 5.7
Energy production -2.2 23.0 23.0
Mining -4.0 -14.4 -14.4
Manufacturing 2.3 2.6 5.2
manufacture of wood and wood products 1.7 -2.5 -0.1
manufacture of food products -0.4 -1.0 1.0
manufacture of computer, electronic and optical products 9.5 36.6 40.3
manufacture of fabricated metal products 6.9 -3.6 -0.5
manufacture of electrical equipment 4.5 -6.5 -3.1
manufacture of furniture -0.7 -5.7 -2.0
manufacture of motor vehicles -1.9 12.5 15.1
manufacture of building materials -4.8 -9.5 -7.4
manufacture of machinery and equipment 6.3 11.7 15.7
manufacture of chemical products -7.9 -13.2 -10.7

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 17.09.2018, and “Energy production, sales and fuel consumption”, the submission date of which was 11.09.2018. 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 conducting this statistical activity.

For further information:

Helle Bunder
Analyst
Enterprise and Agricultural Statistics Department
Statistics Estonia
Tel +372 625 9290

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