Analytics, Estonia, Industry, Markets and Companies

International Internet Magazine. Baltic States news & analytics Saturday, 08.08.2020, 09:04

In June, the production of industrial companies in Estonia decreased by 6% y-o-y

Kadri Kütt, Statistics Estonia, Tallinn, 31.07.2020.Print version
According to Statistics Estonia, in June 2020, the production of industrial enterprises decreased by 6% compared to June 2019. Production decreased in manufacturing and mining, while energy production increased owing to last year’s low comparison basis.

In June, the total production in manufacturing decreased by 6% year on year. According to Helle Bunder, analyst at Statistics Estonia, in contrast to the previous two months, in June, growth was recorded in more manufacturing activities. “Production grew somewhat in a third of manufacturing activities. Among the activities with larger shares, production increased in the manufacture of food products, computers and electronic products but decreased in the manufacture of metal products, electrical equipment and wood and products of wood,” explained Bunder.

68% of the total production of manufacturing was sold to the external market. The shares of sales for export were largest in the manufacture of electronic products and pharmaceutical products. 

According to unadjusted data, the sales of manufacturing production for export remained at last year’s level, while sales to the domestic market decreased by 1%.

In June, compared to May, the seasonally adjusted total industrial production increased by 8% and the production of manufacturing by 7%.

In energy production, the production of electricity increased by 3% and the production of heat by 2% compared to June 2019.

Change in volume index of industrial production, June 2020 (percentages)
Economic activityChange on previous month according to seasonally adjusted data*Change on same month of previous year
according to unadjusted dataaccording to working-day adjusted data**
Energy production-
manufacture of wood and wood products-0.1-2.3-3.9
manufacture of food products3.73.11.1
manufacture of computers, electronic and optical products23.15.93.4
manufacture of fabricated metal products9.00.5-2.0
manufacture of electrical equipment1.7-1.7-5.4
manufacture of furniture38.313.69.5
manufacture of motor vehicles35.2-15.1-17.2
manufacture of building materials5.0-16.6-18.9
manufacture of machinery and equipment-2.6-16.9-19.7
manufacture of chemical products7.38.05.4

* 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.

Statistics Estonia performs the statistical activity “Production indices” for the Ministry of Economic Affairs and Communications with the aim to determine the economic situation in Estonia.

Search site