Growth of industrial production slowed down in April

News
Posted on 2. June 2022 8:00

According to Statistics Estonia, in April 2022, the total production of industrial enterprises increased by 3.8% at constant prices compared to April 2021. Output increased in two of the three industrial sectors: by 3.7% in manufacturing and by 9.6% in electricity production. In mining, output fell by 13.0%.

Helle Bunder, analyst at Statistics Estonia, said that, in April, production volumes increased in more than a half of manufacturing activities. “But the growth has slowed down slightly compared to recent months,” noted Bunder. Among the activities with the largest shares, there was an increase in production in the manufacture of electronic products (7.9%), building materials (5.2%), food products (5.7%) and wood (0.8%). Output decreased in the manufacture of fabricated metal products (3.8%) and furniture (2.4%).

The volume index and trend of production in manufacturing, January 2010 – April 2022 (2015 = 100)

66.8% 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 20.9% and domestic sales by 29% at current prices compared to April 2021.

In April compared to March, the seasonally adjusted total industrial production increased by 0.8% and the production of manufacturing by 0.9%.

In energy production, compared to April 2021, the volume of electricity production (in megawatt-hours) increased by 27.9%, while the production of heat decreased by 0.6%.

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.