Industrial production at the previous year’s level

According to Statistics Estonia, in April 2015, the production of industrial enterprises remained at the same level as in April of the previous year. Production increased in manufacturing and mining, but decreased in energy production.

While in February the production in manufacturing increased 5% and in March 3% compared to the same month of the previous year, then in April the growth in production decelerated to 1%. In April, about a half of the branches of industry surpassed the volume of the previous year. The growth in production volume was caused primarily by an increase in the manufacture of electronic and wood products, where production rose 6% and 8%, respectively. In April, among the branches of industry holding larger shares, the production rose also in the manufacture of metal products, electrical equipment, furniture and motor vehicles. The volume of production fell in the manufacture of food, chemical products and building materials.

70% of the whole production of manufacturing was sold on the external market in April. Compared to April 2014, the export sales as well as domestic sales of manufacturing production remained at the level of the previous year according to unadjusted data.

In April 2015 compared to March 2015, the seasonally adjusted total industrial production grew by 1%, the volume of manufacturing production fell by 2%.

Compared to April 2014, the production of electricity decreased by 15% and the production of heat increased by 12%.

Diagram: Volume index and trend of production in manufacturing

Read more from Statistics Estonia

Advertisements

Leave a Reply

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

WordPress.com Logo

You are commenting using your WordPress.com 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 )

Google+ photo

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

Connecting to %s

%d bloggers like this: