Industrial production growth accelerated in March

News
Posted on 3. May 2022 8:00

According to Statistics Estonia, in March 2022, the total production of industrial enterprises increased by 7.8% at constant prices compared to March 2021. Output increased in all three sectors: by 6.6% in manufacturing, 5.2% in mining, and 21.3% in energy production.

According to Helle Bunder, analyst at Statistics Estonia, production volumes increased in most manufacturing activities. Among the activities with the largest shares, there was an increase in production in the manufacture of electronic products (5.9%), fabricated metal products (11,8%), food products (3.9%), and manufacture of wood  (9.0%). Production volumes decreased in the manufacture of chemical products (6.4%) and shale oil (5.4%).

The volume index and trend of production in manufacturing, January 2012 – March 2022 (2015 = 100)

67.1% of the total production of manufacturing was sold to the external market. The share of export sales was the highest in the manufacture of computers and electronic products. According to unadjusted data, the export sales of manufacturing production increased by 26.8% and domestic sales by 35.9% at current prices compared to March 2021.

In March compared to February, the seasonally adjusted total industrial production increased by 5.1% and the production of manufacturing by 2,5%.

In energy production, compared to March 2021, the volume of electricity production (in megawatt-hours) increased by 88.7% and the production of heat decreased by 7.5%.

Change in volume index of industrial production compared to corresponding month of previous year (adjusted with the number of working days)

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.