In 2015, industrial production decreased

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

While at the beginning of 2015 manufacturing production grew compared to the same month of the previous year, then in the second half year the growth turned into decline. In 2015, production in manufacturing fell 1% compared to 2014. More than half of the branches of industry did not surpass the volume of the previous year. The growth in the production of manufacturing was negatively influenced by the branches holding bigger shares: the manufacture of electronic products decreased 4%, the manufacture of chemical products 12% and the manufacture of building materials 5%. Although in many of the branches of industry that hold larger shares (the manufacture of wood products, metal products, electrical equipment, furniture and motor vehicles) production rose, it did not compensate for the fall in other, smaller branches.

In 2015, both exports and domestic sales of manufacturing production decreased. 70% of the whole production of manufacturing was sold on the external market. Export sales as well as sales on the domestic market fell about 2% compared to 2014.

In December 2015, the working-day adjusted industrial production decreased 9% compared to December 2014; the production of manufacturing fell 7%. In December 2015 compared to December 2014, the production of electricity decreased by 23% and the production of heat by 16%.

In December 2015 compared to November, the seasonally adjusted industrial production decreased 3%; the production of manufacturing fell 2%.Diagram: Volume index of production in manufacturing in the European Union countries

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: