The increase in industrial production continued

According to Statistics Estonia, in June 2014, the production of industrial enterprises rose 1% compared to June of the previous year. The production increased in manufacturing and energy, while in mining the production decreased.

Since January, manufacturing has shown a stable 1‒6% growth in production compared to the same month of the previous year. In June, the increase in manufacturing was 2% compared to June of the previous year. Production exceeded the volume of June 2013 in half of the branches of industry. The growth in production was influenced the most by an increase in the manufacture of food, wood and metal products. The volume of production fell in the manufacture of electronic products, chemicals and building materials.

In June, 69% of the whole production of manufacturing was sold on the external market. Compared to June 2013, export sales of manufacturing production fell 2% and domestic sales increased 5% according to unadjusted data.

In June 2014, compared to May, both the seasonally adjusted total industrial production and the production in manufacturing decreased 1%.

Compared to June 2013, the production of electricity increased 12% and the production of heat 7%.

The volume index and trend of production in manufacturing, January 2005 – June 2014
(2010 = 100)

Diagram: The volume index and trend of production in manufacturing

Read more from Statistics Estonia


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: