In September industrial production decreased

According to Statistics Estonia, in September 2013, the production of industrial enterprises decreased by 1% compared to September of the previous year. The decline in the production was most of all influenced by the decrease in the manufacture of electronic products.

Since January manufacturing showed a stable 2–6% growth compared to the same month of the previous year, whereas in August the production in manufacturing remained on the level of August 2012 and in September the production decreased 2%. The production did not exceed the volume of the previous year in about half of the branches of industry. Among the branches of industry holding larger shares, production fell in the manufacture of electronic products, electrical equipment and chemical products. The volume of production grew in the manufacture of wood, food and metal products.

In September, 70% of the whole production of manufacturing was sold on the external market. The export sales of manufacturing fell 3% compared to September 2012, while domestic sales increased 4%.

In September 2013 compared to August, the seasonally adjusted total industrial production decreased by 1%; manufacturing production remained on the level of the previous month.

Compared to September 2012, the production of electricity increased by 17%, while the production of heat fell by 8%.

The volume index and trend of production in manufacturing, January 2004 – September 2013 (2010 = 100)

Diagram: The volume index and trend of production in manufacturing

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Stable growth in retail sales

According to Statistics Estonia, in September 2013 compared to September of the previous year, the retail sales of goods of retail trade enterprises increased 5% at constant prices. The retail sales have shown a stable five-percent growth for the third month in succession compared to the same month of the previous year.

In September 2013, the retail sales of goods of retail trade enterprises were 378.9 million euros, which was almost 295 euros per inhabitant. The retail sales in stores selling manufactured goods increased 11% compared to September 2012. The sales increased in all economic activities. The retail sales of second-hand goods in stores and non-store retail sales (stalls, markets, direct sale) increased the most with the retail sales showing an increase of three quarters (76%) compared to September of the previous year. The sales increase in these stores does not significantly influence the retail sales of goods of retail trade enterprises, because the share of this economic activity is very small – 1.8% in September 2013. In September, an increase that was higher than the average occurred in stores selling household goods and appliances, hardware and building materials (18% growth), in retail sales via mail order or the Internet (16% growth) and in other specialised stores, such as stores selling computers and their accessories, photography supplies, books, sports equipment, games and toys, etc. (13% growth).

The retail sales in grocery stores have been rather stable during the last two months. Similarly to August, the retail sales of these stores increased 2% in September compared to the same month of the previous year.

The retail sales of automotive fuel stayed at the same level compared to September 2012.

Compared to the previous month, the retail sales in retail trade enterprises decreased 7% at constant prices in September. According to the seasonally and working-day adjusted data, the retail sales stayed at the same level compared to the previous month. During the nine months (January–September) of 2013, the retail sales in retail trade enterprises increased 5% at constant prices compared to the corresponding period of the previous year.

In September, the turnover of retail trade enterprises was 451.9 million euros, out of which the retail sales of goods accounted for 84%. Compared to September 2012, the turnover increased by 2% at current prices. Compared to the previous month, this indicator decreased 7%.

Retail sales volume index of retail trade enterprises and its trend, January 2003 – September 2013 (2010 = 100)

Diagram: Retail sales volume index of retail trade enterprises and its trend

Source: Statistics Estonia

Juhan Parts threatens to publish critical article about Reform Party

Ruling coalition partners Reform Party and IRL are accusing each other over whether Graanul Invest whose CEO Raul Kirjanen is prominent financial supporter of Reform Party should be paid a fee for electricity that it uses for own consumption, writes Päevaleht.

Jaanus Tamkivi, chairman of Reform Party’s parliamentary faction, claims that Minister of Economic Affairs Juhan Parts (IRL) threatened to publish a critical article in Postimees about Reform Party if the parliamentary committee on economic affairs votes for the draft power market act that in principle allows energy producers to receive a renewable energy fee for so-called own consumption.

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