70% of manufactured products was sold on external market

According to Statistics Estonia, in June 2011 the production of industrial enterprises grew 24% compared to June of the previous year. If at the beginning of the year the production grew around 30%, then in May and June the growth of industrial production slightly slowed down compared to the same month of the previous year.

In June 2011, the production of manufacturing increased by over a quarter compared to June 2010. Export sales influenced the growth in production the most – 70% of the whole production of manufacturing was sold on the external market. The manufacturing production sold on the external market grew 40%, the domestic sales increased 16% compared to June of the previous year.

In June, the production exceeded the volume of the same month of the previous year in most branches of industry. Manufacturing of electronic products, which increased by three times compared to June of the previous year, influenced the growth in production the most. The branches holding bigger shares were also the manufacturing of wood, food and metal products where the production grew 13%, 4% and 8%, respectively. With respect to the branches of manufacturing holding smaller shares, the production increased considerably in the manufacturing of machinery and equipment mainly due to the increase in exports.

In June 2011 compared to May, the seasonally adjusted industrial production increased 2%, in manufacturing the production remained on the level of the previous month.

In June 2011 compared to June 2010, the production of electricity increased 7% and the production of heat decreased 5%.

Trends of production in branches of industry, January 2002 – June 2011 (2005 = 100)

Diagram: Trends of production in branches of industry, January 2002 – June 2011 (2005 = 100)

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Statistical Yearbook describes the life of Estonia in figures

Statistics Estonia presents today, on 29 July, the publication “Eesti statistika aastaraamat. 2011. Statistical Yearbook of Estonia“, which gives an overview of the life in Estonia last year in comparison with earlier years and other European Union countries.

The Yearbook integrates the annual overviews of environment, population, social and economic fields into one volume, whereas at the presentation Statistics Estonia focuses on two subjects.

The economic crisis caused a decline in people’s incomes. At the same time, prices started to increase in 2010. Therefore, a change in the household living niveau over the last decade and changes in the consumer price index in Estonia and the Baltic Republics are in the centre of interest at this year’s presentation of the Yearbook.

“Population’s quality of life and the change thereof can be measured by observing households’ own assessments of their economic situation compared to the time a year ago,” explained Ms Piret Tikva, Head of Social Surveys Service, who is going to give an overview of households’ living niveau at the presentation. Ms Tikva noted that, during 2004–2007 i.e. the years preceding the last economic crisis, households’ assessments of their economic situation became better year by year, and in 2007, 26% of households regarded their economic situation to be better than a year ago. But in 2010, such households accounted for 7% only. She also added that, at the same time, the proportion of those who were of the opinion that their economic situation had turned worse rather was considerably bigger compared to the period 2004–2007. “In 2007 such households accounted for 12%, but in 2010 already 46%,” clarified Ms Tikva.

At the presentation, Ms Viktoria Trasanov, Head of Price and Wages Statistics Department, is going to give an overview of the changes in consumer price index in the Baltic Republics. “During the last half a year, the fastest price increase in the Baltic Republics was recorded in Latvia,” marked Ms Trasanov and continued by specifying that, in June 2011 compared to December of the previous year, the change in consumer price index was 4.1% in Latvia, 3.2% in Lithuania and 2.2% in Estonia. According to Ms Trasanov, the prices of food and non-alcoholic beverages have attracted the greatest attention lately while talking about the change in consumer price index. During the referred period, the prices of food and non-alcoholic beverages increased the most in Lithuania and Latvia (6.6% and 6.3%, respectively). In Estonia the price rise of food and alcoholic beverages was 4.3%. “In Latvia and Lithuania, besides food, the biggest price rises were registered in transport and housing. But in Estonia, the prices of hotels, cafés and restaurants as well as alcoholic beverages and tobacco increased the most,” she explained.

Source: Statistics Estonia

In June the growth of retail sales continued

According to Statistics Estonia, in June 2011 compared to June of the previous year the retail sales of goods of retail trade enterprises increased 4% at constant prices.

Compared to the same month of the previous year, the retail sales of retail trade enterprises started to grow again in autumn 2010, after two and a half years’ decline. In January this year the retail sales slightly fell but in February it turned to a rise again and the growth continued also in March, April, May and June.

In June, the retail sales of goods of retail trade enterprises were 344 million euros (5.4 billion kroons). The increase in retail sales of goods was continually influenced by the stores selling manufactured goods, but compared to previous months the retail sales growth rate slowed down in these stores. If in March those enterprises’ retail sales increased 13% during the year, in April 9% and in May 7%, then in June the increase was 6%. The sales increased in most economic activities. Only the retail sales of pharmaceutical goods and cosmetics were smaller than in June of the previous year. With regard to this economic activity, one of the reasons for the fall in the sales was also higher reference base of the previous year. In June, the retail sales in non-specialized stores with industrial goods predominating increased the most, where the retail sales increased 13% during the year. Stores selling textiles, clothing and footwear and other specialized stores were also successful. In these stores the retail sales increased 10%.

The retail sales in grocery stores remarkably recovered in June and turned from decrease to increase again. The retail sales of these stores increased 3% compared to June 2010. The growth in retail sales of these stores was influenced by the hot weather in the first half on June and Midsummer Day that caused a rise in sales of food and beverages of summer season.

Compared to the previous month, the retail sales in retail trade enterprises increased 4% at constant prices. According to the seasonally and working-day adjusted data the retail sales increased 2%. During the six months of 2011 (January-June), the retail sales in retail trade enterprises increased 3% at constant prices compared to the corresponding period of the previous year.

In June the revenues from sales of retail trade enterprises were 422 million euros (6.6 billion kroons), out of which the retail sales of goods accounted for 81%. Compared to June 2010, the revenues from sales increased 10% at current prices. Compared to the previous month, this indicator increased 3%.

Retail sales volume index of retail trade enterprises and its trend, January 2002 – June 2011 (2005 = 100)

Diagram: Retail sales volume index of retail trade enterprises and its trend, January 2002 – June 2011 (2005 = 100)

 

Source: Statistics Estonia

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