Industrial production grew by 10% in July
According to Statistics Estonia, in July 2021, the total production of industrial enterprises increased by 10% year on year. Production increased by 16% in energy production, by 6% in manufacturing and by 72% in mining.
Helle Bunder, analyst at Statistics Estonia, said that production increased in more than a half of manufacturing activities. “In July last year, the impact of the coronavirus pandemic was no longer as strong and production volumes in manufacturing remained at the same level as in 2019. In July this year, production volumes actually increased compared to the pre-crisis levels,” commented Bunder.
Among the activities with larger shares, production increased in the manufacture of wood (6.4%), fabricated metal products (10.2 %), electrical equipment (6.8%) and building materials (17.5%). There was a fall in production volumes in the manufacture of electronic products (18.1%) and food products (3.0%).
In the mining sector, similarly to June, there was a strong growth in peat production and extraction of construction minerals in July.
65% of the total production of manufacturing was sold to the external market. The share of export sales was the highest in the manufacture of pharmaceutical products and in the manufacture of computers and electronic products. According to unadjusted data, the export sales of manufacturing production increased by 9% and domestic sales by 18% year on year.
In July compared to June, the seasonally adjusted total industrial production as well as the production of manufacturing remained on the same level.
In energy production, the volume of electricity production (in megawatt-hours) increased by 40% while the production of heat decreased by 3% compared to July 2020.
Industry is the largest sector of the economy and an important driver of economic growth. The index of industrial production covers the economic indicators of three industrial activities: mining, energy production and manufacturing.
Statistics Estonia performs the statistical activity “Production indices” for the Ministry of Economic Affairs and Communications with the aim to determine the economic situation in Estonia.
Information about different industrial activities can be found on the business dashboards.
See also the dedicated section on industry.
More detailed data have been published in the statistical database.
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