In September, the volume of industrial production decreased

news release no 117

According to Statistics Estonia, in September 2015, the production of industrial enterprises decreased 4% compared to September of the previous year. Production decreased in manufacturing, energy and mining.

While in the beginning of 2015, manufacturing production grew compared to the same month of the previous year, in the second half-year, the growth turned into decline. In both July and August, production fell 2% and in September 4% compared to the corresponding month of the previous year. In September, the decline in production volume was caused primarily by a decrease in the manufacture of electronic products, chemicals, and machinery and equipment. The 7% decrease in the manufacture of electronic products was caused by the high reference base of September 2014. In September, more than half of the branches of industry did not surpass the volume of the previous year. Although in some of the branches of industry that hold larger shares (the manufacture of wood and metal products, and electrical equipment) production rose, it did not compensate for the fall in other branches.

70% of the whole production of manufacturing was sold on the external market in September. Compared to September 2014, the export sales of manufacturing production decreased 10% and domestic sales decreased 3%, according to unadjusted data.

In September 2015 compared to August 2015, the seasonally adjusted total industrial production as well as the volume of manufacturing production fell by 1% compared to the previous month.

Compared to September 2014, the production of electricity decreased by 9% and the production of heat increased by 2%.

Diagram: Volume index and trend of production in manufacturing

Change in volume index of industrial production, September 2015 (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 -0.5 -4.1 -4.1
Energy production 7.3 -6.9 -6.9
Mining -9.7 -2.3 -2.3
Manufacturing -0.5 -3.9 -3.9
manufacture of computer, electronic and optical products 1.1 -7.2 -7.2
manufacture of wood and wood products 1.8 10.6 10.6
manufacture of food products -1.6 -1.1 -1.2
manufacture of fabricated metal products 4.3 1.0 1.0
manufacture of electrical equipment -0.5 5.7 5.7
manufacture of chemicals and chemical products -10.3 -22.5 -22.5
manufacture of furniture -6.5 7.8 7.8
manufacture of motor vehicles -4.6 -4.1 -4.1
manufacture of building materials 0.5 -9.5 -9.5
manufacture of machinery and equipment -1.5 -12.6 -12.6

a In the 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 the 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.

The statistics are based on the questionnaires “Industry”, the submission date of which was 15.10.2015, and “Energy production, sales and fuel consumption”, the submission date of which was 10.10.2015. Statistics Estonia published the monthly overview in ten working days.

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).