In March, the volume of industrial production was greater than a year ago

news release no 49

According to Statistics Estonia, in March 2019, the production of industrial enterprises increased by 2% compared to March 2018. Production increased in manufacturing, but decreased in energy and mining.

In March, the total production in manufacturing was 8% higher than in the corresponding month of 2018. In March, over a 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 food products, computers and electronic products, and fabricated metal products. Among the branches of industry with larger shares, production fell in the manufacture of wood.

In March, 69% of the total production of manufacturing was sold to the external market. According to unadjusted data, compared to March 2018, sales of manufacturing production for exports increased by 7%, sales to the domestic market remained at the same level.

In March 2019, compared to February, the seasonally adjusted total industrial production as well as production of manufacturing increased by 1%.

Compared to March 2018, the production of electricity decreased by 40% and the production of heat by 5%.

Change in volume index of industrial production, March 2019
(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 0.6 2.4 2.4
Energy production 0.6 -25.2 -25.2
Mining -13.3 -14.7 -14.7
Manufacturing 0.7 7.7 7.7
manufacture of wood and wood products -4.8 -3.5 -3.5
manufacture of food products 0.3 5.8 5.8
manufacture of computers, electronic and optical products 1.3 28.2 28.2
manufacture of fabricated metal products 10.9 10.5 10.5
manufacture of electrical equipment -2.3 2.5 2.5
manufacture of furniture 3.0 17.0 17.0
manufacture of motor vehicles -2.3 3.2 3.2
manufacture of building materials -0.1 18.9 18.9
manufacture of machinery and equipment 7.8 23.4 23.4
manufacture of chemical products 14.7 7.0 7.0

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 April 2019, and “Energy production, sales and fuel consumption”, the submission date of which was 11 April 2019. Statistics Estonia published the monthly overview in 8 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).