According to Statistics Estonia, in April 2008 compared to April of the previous year the industrial production decreased 0.2%, but compared to March the production increased.
In April 2008, the seasonally adjusted industrial production of Estonia rose 5% compared to March.
In comparison with April of the previous year, the industrial production decreased 0.2% due to the decrease in energy production. In April 2008 compared to April of the previous year, the production of electricity decreased 16%, the production of heat 11%. The decrease in electricity production was caused by partly replacement of own production with imports. In April about 25% of consumed electricity was imported.
Compared to April of the previous year, the production in manufacturing rose 3%. The growth was mainly influenced by export oriented branches: production of metal products, chemicals and electrical machinery. The share of exports in the manufacturing of chemicals and electrical machinery was over 80%. The value index of industrial export sales in total manufacturing increased 22%, the value index of industrial domestic sales only 2%. The share of exports in the total manufacturing has been growing continuously and exceeds 60%.
The production for domestic market suppressed the increase mainly in the production of food and building materials. The decline in the manufacturing of food is continually affected by a fast price increase and by the decrease in consumption resulting from it. In April the prices rose about 19% compared to April of the previous year, in the manufacturing of milk products the increase was 33%. Nevertheless the producer price of manufacturing of milk products showed a declining trend compared to March. Compared to April of the previous year, the production of building materials fell 15% due to a slowdown in construction activities. The downward trend continued in the manufacturing of wood, the production of furniture also decreased.
The volume index and trend of production in manufacturing, January 1998 – April 2008 (2000 = 100)
Change in volume index of industrial production, April 2008 (percentage)
Economic activity |
Change compared to
previous month
according to
seasonally adjusted
dataa |
Change compared to corresponding
month of previous year |
according to
unadjusted data |
according to
working-day adjusted
datab |
TOTAL |
4.5 |
5.0 |
-0.2 |
Energy production |
11.8 |
-14.5 |
-14.5 |
Mining |
0.7 |
-5.9 |
-11.1 |
Manufacturing |
4.4 |
8.5 |
2.8 |
manufacture of food products and beverages |
-0.7 |
-2.1 |
-5.6 |
manufacture of wood and wood products |
4.0 |
-8.1 |
-13.1 |
manufacture of fabricated metal products |
15.1 |
54.8 |
44.1 |
manufacture of electrical machinery |
1.7 |
25.1 |
16.8 |
manufacture of building materials |
3.9 |
-11.8 |
-15.3 |
manufacture of chemicals and chemical products |
1.3 |
13.6 |
8.7 |
manufacture of furniture; manufacturing not elsewhere
classified |
3.0 |
-5.4 |
-11.9 |
manufacture of radio, television and communication
equipment and apparatus |
34.2 |
12.6 |
7.7 |
manufacture of textiles |
0.9 |
2.5 |
-3.2 |
a In case of the seasonally adjusted volume index, the impact of the differing numbers of working days in a month and seasonally recurring factors has been eliminated. It is calculated only in comparison with the previous period.
b In case of the working-day adjusted volume index, the impact of the differing number of working days in a month has been eliminated. It is calculated only in comparison with the corresponding period of the previous year.
Source: Statistics Estonia