In March, the volume of industrial production was greater than a year ago
According to Statistics Estonia, in March 2017, the production of industrial enterprises increased 15% compared to March of the previous year. Production increased in the energy sector, mining and quarrying as well as manufacturing.
In March, manufacturing production was 10% higher compared to the corresponding month of 2016. Production growth was broad-based – in March, production surpassed the volume of March 2016 in more than two-thirds of the branches of industry. The growth in production was mostly due to an increase in the manufacture of wood products, metal products and electrical equipment. Production increased also in the manufacture of food products, motor vehicles and building materials. Among the branches of industry with larger shares, production fell only in the manufacture of electronic products.
In March, 69% of the total production of manufacturing was sold to the external market. According to unadjusted data, the sales of manufacturing production for export increased 11% and sales to the domestic market rose 12% compared to March 2016.
In March 2017 compared to the previous month, the seasonally adjusted total industrial production increased 2%; production in manufacturing rose by 1%.
Compared to March 2016, the production of electricity increased 54% and the production of heat 1%.
|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|
|manufacture of wood and wood products||1.7||14.5||11.9|
|manufacture of computer, electronic and optical products||4.6||-5.4||-8.0|
|manufacture of food products||4.6||9.8||7.6|
|manufacture of fabricated metal products||1.9||20.3||16.1|
|manufacture of electrical equipment||6.0||21.5||17.1|
|manufacture of textiles||4.0||6.9||4.1|
|manufacture of furniture||3.9||7.3||3.3|
|manufacture of motor vehicles||4.8||28.2||25.2|
|manufacture of building materials||3.8||27.9||24.9|
|manufacture of machinery and equipment||-2.2||5.9||2.4|
a In the case of the seasonally adjusted volume index of industrial production, the impact of different number of working days in a month and seasonally recurring factors has 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 different 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 17.04.2017, and “Energy production, sales and fuel consumption”, the submission date of which was 10.04.2017. Statistics Estonia published the monthly overview in 9 working days. For the statistical activity “Production indices”, the main representative of public interest is the Ministry of Economic Affairs and Communications, commissioned by whom Statistics Estonia collects and analyses the data necessary for performing this statistical activity.
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