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Industrial production grew by 2.8% in October

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Posted on 1. December 2021 8:00

According to Statistics Estonia, in October 2021, the total production of industrial enterprises increased by 2.8% year on year. Production increased by 11.8% in energy production and by 3.5% in manufacturing, but decreased by 39.7% in mining.

Helle Bunder, analyst at Statistics Estonia, explained that, due to the higher reference base of October 2020, the year-on-year growth in the more important economic activities was not as significant in October as in the few previous months this year. “Despite that, production increased in  more than a half of manufacturing activities,” she added.

Among the activities with larger shares, production increased in the manufacture of wood (5.9%), food products (4.3%), electrical equipment (9.7%) and building materials (11.6%). The production volume remained the same in the manufacture of fabricated metal products, but decreased in the manufacture of electronic products (16.6%) and furniture (2.5%).

67% 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 11.5% and domestic sales by 21.9% year on year.

The volume index and trend of production in manufacturing, January 2010 – October 2021 (2015 = 100)

In October compared to September, the seasonally adjusted total industrial production fell by 2.4% and the production of manufacturing by 1.3%.

In energy production, compared to October 2020, the volume of electricity production (in megawatt-hours) increased by 24.9% and the production of heat by 4.6%.

Change in volume index of manufacturing compared to same month of previous year*

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.

 

For further information:

Kadri Kütt
Media Relations Manager

Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9181

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