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)
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