The production of industrial enterprises increased again in June
According to Statistics Estonia, in June 2021, the total production of industrial enterprises increased by 11% year on year. Production increased in all three main industrial sectors: by 19% in mining, by 14% in energy production and by 10% in manufacturing.
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.
Helle Bunder, analyst at Statistics Estonia, said that industrial production has shown year-on-year growth since April. “In June, in the mining sector, there was a considerable increase in both peat production and stone quarrying. Manufacturing production also continued its growth – it was up by 10% in June. Unlike in the two previous months, the reference base of 2020 was no longer as low. By June last year, the emergency situation declared due to the coronavirus pandemic had been ended and the industrial sectors were gradually recovering,” explained Bunder.
Production increased in most manufacturing activities. Among the activities with larger shares, production grew in the manufacture of wood (14.8%), fabricated metal products (13.4%), rubber and plastic products (38.7%), electrical equipment (21.4%), food products (2.1%) and building materials (27.1%). There was a decrease in the production of electronic products, which was also due to the high reference base – June 2020 was the month with the highest level of production for this activity in the first half of last year.
Of the total production of manufacturing, 67% was sold to the external market. The share of export sales was the largest in the manufacture of pharmaceuticals and the manufacture of computers and electronic products. According to unadjusted data, the sales of production for export increased by 16% and sales to the domestic market by 17% compared to June 2020.
In June compared to May, the seasonally adjusted total industrial production increased by 3% and the production of manufacturing by 1%.
In energy production, the volume of electricity production (in megawatt-hours) increased by 30% and the production of heat by 3% compared to June 2020.
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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