In 2018, the volume of industrial production increased

news release no 14

According to the preliminary data of Statistics Estonia, in 2018, the production of industrial enterprises increased by 4% compared to the previous year. Production rose in manufacturing and energy, but decreased in mining.

In 2018, the total production in manufacturing was 4% higher than in 2017. Production surpassed the volume of the previous year in half of the branches of industry. The growth in production was mostly due to an increase in the manufacture of computers and electronic products, manufacture of wood and food products. Among the branches of industry with larger shares, production fell in the manufacture of electrical equipment, textiles and furniture.

67% of the total production of manufacturing was sold to the external market in 2018. Export increased by 5% and sales to the domestic market increased by 8% compared to 2017.

In December 2018, the working-day adjusted industrial production increased by 6% compared to December 2017; the production of manufacturing rose by 5%. In December, the production of electricity decreased by 13% compared to the corresponding month in 2017.

In December 2018 compared to November, the seasonally adjusted total industrial production remained the same. The production of manufacturing rose by 1% compared to the previous month.

Volume index of production in manufacturing and its trend, January 2009 – December 2018 (2015 = 100)

Change in volume index of industrial production, December 2018
(percentages)
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
TOTAL -0.1 3.4 5.8
Energy production -3.7 12.5 12.5
Mining -9.2 -8.2 -8.2
Manufacturing 1.5 2.6 5.3
manufacture of wood and wood products 0.5 7.1 9.7
manufacture of food products -1.8 0.1 2.1
manufacture of computers, electronic and optical products 10.0 35.8 39.3
manufacture of fabricated metal products -1.8 -6.4 -3.5
manufacture of electrical equipment -8.6 -19.3 -16.2
manufacture of furniture 2.9 7.8 11.9
manufacture of motor vehicles -4.6 -4.8 -2.5
manufacture of building materials 2.4 3.6 6.0
manufacture of machinery and equipment 1.4 14.6 18.7
manufacture of chemical products 34.0 17.3 20.3

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 17.01.2019, and “Energy production, sales and fuel consumption”, the submission date of which was 11.01.2019. 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.

For further information:

Helle Bunder
Analyst
Enterprise and Agricultural Statistics Department
Statistics Estonia
Tel +372 625 9290

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