According to Statistics Estonia, in September 2010 the production of industrial enterprises grew 31% compared to September of the previous year. This year the growth of production has mainly influenced by the increase in external demand, since domestic market has slightly livened up only during the last months.
The production of manufacturing increased 32% compared to September 2009. Export sales of the manufacturing production increased significantly (54%). Nearly 70% of the whole production of manufacturing was sold on the external market. The demand on the domestic market was considerably lower — the domestic sales increased 7% compared to September of the previous year.
In September, the production exceeded the volume of the previous year in most branches of industry. The growth in the production of manufacturing was most influenced by the branches holding bigger shares — manufacturing of electronic products where the production increased by more than one and a half times, and manufacturing of wood where the growth was 25%. With respect to the branches of manufacturing holding smaller shares, the production increased considerably in the manufacturing of motor vehicles, machinery and equipment mainly due to the increase in exports. The rapid growth in production was partly also influenced by the low reference base in 2009; this effect will last until the end of 2010. Regardless of the rapid increase, the industrial production just reached the level of 2005.
In September 2010 compared to August, the seasonally adjusted industrial production rose 4%; the production of manufacturing grew 5%.
In September 2010 compared to September 2009, the production of electricity increased 41% and the production of heat 15%. The increase in energy production was mainly caused by a growing demand for energy induced by more active manufacturing as well as by the growth in the exports of electricity.
The volume index and trend of production in manufacturing, January 2000 – September 2010 (2005 = 100)
Read more from Statistics Estonia