Production volumes decreased in October

According to Statistics Estonia, in October 2015, the production of industrial enterprises decreased 2% compared to October of the previous year. Production decreased in manufacturing, energy and mining.

While in the beginning of 2015, manufacturing production grew compared to the same month of the previous year, in the second half-year, the growth turned into decline. In August, production fell 2%, in September it fell 4%, and in October 0.2% compared to the corresponding month of the previous year. In October, the decline in production volume was caused primarily by a decrease in the manufacture of electronic and metal products, chemicals, and building materials. The 25% decrease in the manufacture of electronic products was caused by the high reference base of October 2014. In October, more than half of the branches of industry did not surpass the volume of the previous year. Although in some of the branches of industry that hold larger shares (the manufacture of wood products, electrical equipment, furniture and motor vehicles) production rose, it did not compensate for the fall in other branches.

69% of the whole production of manufacturing was sold on the external market in October. Compared to October 2014, the export sales of manufacturing production decreased 8% and domestic sales decreased 6%, according to unadjusted data.

In October 2015 compared to September 2015, the seasonally adjusted total industrial production rose by 1%, the volume of manufacturing production increased 4% compared to the previous month.

Compared to October 2014, the production of electricity decreased by 21% and the production of heat by 4%.

Diagram: Volume index of production in manufacturing and its trend

Read more from Statistics Estonia

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