In October, the volume of industrial production was greater than a year ago
According to Statistics Estonia, in October 2018, the production of industrial enterprises increased by 2% compared to October 2017. Production increased in manufacturing and energy, but decreased in mining.
In October, the total production in manufacturing was 2% higher compared to the corresponding month of 2017. In October, over half of the branches of industry exceeded the volume of the same month of the previous year. The growth in production was mostly due to an increase in the manufacture of computers and electronic products, manufacture of furniture and wood. Among the branches of industry with larger shares, production fell in the manufacture of electrical equipment and fabricated metal products.
In October, 68% of the total production of manufacturing was sold to the external market. According to unadjusted data, compared to October 2017, the sales of manufacturing production for exports increased by 8% and sales to the domestic market by 10%.
In October 2018, compared to September, the seasonally adjusted total industrial production increased in total by 1%. Production of manufacturing rose by 2% compared to the previous month.
Compared to October 2017, the production of electricity decreased by 14%.
|Economic activity||Change on previous month according to seasonally adjusted dataa||Change on same month of previous year|
|according to unadjusted data||according to working-day adjusted datab|
|manufacture of wood and wood products||-2.7||3.8||1.3|
|manufacture of food products||-1.2||0.5||-1.4|
|manufacture of computers, electronic and optical products||-1.6||33.3||29.8|
|manufacture of fabricated metal products||0.8||-7.1||-10.0|
|manufacture of electrical equipment||5.9||-7.1||-10.5|
|manufacture of furniture||-1.1||8.0||4.0|
|manufacture of motor vehicles||2.2||9.7||7.1|
|manufacture of building materials||10.6||8.7||6.2|
|manufacture of machinery and equipment||9.5||7.9||4.2|
|manufacture of chemical products||-1.3||16.9||13.7|
a In the case of the seasonally adjusted volume index, 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, 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 17.11.2018, and “Energy production, sales and fuel consumption”, the submission date of which was 11.11.2018. Statistics Estonia published the monthly overview in 10 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 conducting this statistical activity.
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