In October, the increase in industrial production continued

news release no 134

According to Statistics Estonia, in October 2014, the production of industrial enterprises rose 3% compared to October of the previous year. The production increased in manufacturing, but decreased in mining and energy.

Since January, manufacturing production has shown a growth compared to the same month of the previous year. The year-over-year increase in manufacturing production was 6% in August and 7% in September, whereas in October production rose 4% compared to October of the previous year. Production exceeded the volume of October 2013 in about half of the branches of industry. The growth in production was influenced the most by an increase in the manufacture of electronic products where production grew by more than third. 12% more wood products and 7% more metal products were produced. The volume of production fell in the manufacture of electrical equipment, chemicals and building materials.

In October, 70% of the whole production of manufacturing was sold on the external market. Compared to October 2013, export sales of manufacturing production rose 7% and domestic sales 2% according to unadjusted data.

In October 2014, the seasonally adjusted total industrial production as well as the production of manufacturing remained on the level of the previous month.

Compared to October 2013, the production of electricity decreased 7% and the production of heat increased 7%.

Diagram: The volume index and trend of production in manufacturing

Change in volume index of industrial production, October 2014
(percentages)
Economic activity Change compared
to the previous
month according
to seasonally
adjusted dataa
Change compared to the corresponding
month of the previous year
according to
unadjusted data
according to working-day
adjusted datab
TOTAL -0.3 2.7 2.7
Energy production 0.8 -4.0 -4.0
Mining 8.0 -7.7 -7.7
Manufacturing 0.2 4.4 4.4
manufacture of computer, electronic and optical products 12.3 38.4 38.4
manufacture of wood and wood products 1.8 11.9 11.9
manufacture of food products 0.0 -0.2 -0.2
manufacture of fabricated metal products -5.8 7.0 7.0
manufacture of electrical equipment -0.7 -8.8 -8.8
manufacture of chemicals and chemical products 3.3 -10.0 -10.0
manufacture of furniture 1.1 -5.3 -5.3
manufacture of motor vehicles 0.8 -6.7 -6.7
manufacture of building materials -3.7 -4.5 -4.5
manufacture of machinery and equipment -10.9 1.5 1.5
manufacture of refined petroleum products 36.2 39.7 39.7

a In case of the seasonally adjusted volume index of industrial production, the impact of the differing number of working days in a month and seasonally recurring factors have been eliminated. It is calculated only in comparison with the previous period.

b In case of the working-day adjusted volume index of industrial production, the impact of the differing number of working days in a month has been eliminated. It is calculated only in comparison with the corresponding period of the previous year.

For further information:

Lilian Bõkova
Leading Statistician
Enterprise and Agricultural Statistics Department
Statistics Estonia
Tel. +372 625 9223

More detailed data have been published in the Statistical Database (volume index of industrial production and production of electricity and heat).