Analytics, Estonia, Financial Services, Good for Business

International Internet Magazine. Baltic States news & analytics Friday, 19.04.2024, 20:44

In Estonia in June, the increase in industrial production continued

stat.ee, 31.07.2014.Print version
According to Statistics Estonia, in June 2014, the production of industrial enterprises rose 1% compared to June of the previous year. The production increased in manufacturing and energy, while in mining the production decreased.

Since January, manufacturing has shown a stable 16% growth in production compared to the same month of the previous year. In June, the increase in manufacturing was 2% compared to June of the previous year. Production exceeded the volume of June 2013 in half of the branches of industry. The growth in production was influenced the most by an increase in the manufacture of food, wood and metal products. The volume of production fell in the manufacture of electronic products, chemicals and building materials.


In June, 69% of the whole production of manufacturing was sold on the external market. Compared to June 2013, export sales of manufacturing production fell 2% and domestic sales increased 5% according to unadjusted data.


In June 2014, compared to May, both the seasonally adjusted total industrial production and the production in manufacturing decreased 1%.


Compared to June 2013, the production of electricity increased 12% and the production of heat 7%.



Change in volume index of industrial production, June 2014
(percentages)
Economic activity Change compared to the
previous month according
to seasonally adjusted dataa
Change compared to the corresponding
month of the previous year
according to
unadjusted data
according to working-day
adjusted datab
TOTAL -1.2 1.0 1.0
Energy production 5.1 8.0 8.0
Mining -11.7 -20.2 -20.2
Manufacturing -1.1 2.1 2.1
manufacture of computer, electronic and optical products 0.2 -5.0 -5.0
manufacture of wood and wood products 1.0 9.3 9.3
manufacture of food products 4.0 11.3 11.3
manufacture of fabricated metal products 6.3 3.7 3.7
manufacture of electrical equipment 2.7 2.0 2.0
manufacture of chemicals and chemical products -17.1 -21.8 -21.8
manufacture of furniture 5.4 -0.8 -0.8
manufacture of motor vehicles -3.9 5.7 5.7
manufacture of building materials -5.6 -3.6 -3.6
manufacture of machinery and equipment 4.6 23.1 23.1
manufacture of refined petroleum products -11.2 20.8 20.8






Search site