Industrial production and sales for export decreased
According to Statistics Estonia, in November 2019, the production of industrial enterprises decreased by 7% compared to November 2018. Production decreased in manufacturing as well as in energy and mining.
Compared to November 2018, the total production in manufacturing decreased by 3%. The production volume decreased in most of the branches of industry. Among the branches with larger shares, production fell in the manufacture of wood, fabricated metal products and computers and electronic products. Growth was observed in the manufacture of food and chemical products.
67% of the total production of manufacturing was sold to the external market. According to unadjusted data, the sales of manufacturing production for exports decreased by 7% and to the domestic market by 14%. In November 2019, compared to October, the seasonally adjusted total industrial production rose by 1% and the production of manufacturing remained at the same level.
Compared to November 2018, the production of electricity decreased by 43% and the production of heat increased by 2%.
|Economic activity||Change on previous month according to seasonally adjusted data*||Change on same month of previous year|
|according to unadjusted data||according to working-day adjusted data**|
|manufacture of wood and wood products||-0.8||-9.5||-7.3|
|manufacture of food products||0.1||-1.7||0.3|
|manufacture of computers, electronic and optical products||0.0||-7.4||-5.1|
|manufacture of fabricated metal products||8.9||-4.7||-1.4|
|manufacture of electrical equipment||-1.0||-7.0||-3.4|
|manufacture of furniture||1.7||-12.6||-9.3|
|manufacture of motor vehicles||-4.1||-21.5||-19.7|
|manufacture of building materials||-0.3||-3.4||-0.8|
|manufacture of machinery and equipment||7.5||-5.9||-2.7|
|manufacture of chemical products||-1.7||-2.3||0.2|
* 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.
** The impact of different number of working days in a month has been eliminated. It is calculated only in year-on-year comparisons.
The statistics are based on the questionnaires “Industry”, the submission date of which was 17 December 2019, and “Energy production, sales and fuel consumption”, the submission date of which was 11 December 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.
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