The production of manufacturing increased in February

According to Statistics Estonia, in February 2016, the production of industrial enterprises decreased 2% compared to February of the previous year. Production decreased in electricity and mining, while the production of manufacturing increased.

In February, manufacturing production increased 1% compared to February of the previous year. The growth in production was mostly caused by an increase in the manufacture of wood products, electrical equipment and furniture. The production growth was broad-based – production surpassed the volume of the previous year in three-fourths of the branches of industry. Among the branches of industry holding larger shares, production continued to fall in the manufacture of electronic, metal and food products.

71% of the whole production of manufacturing was sold on the external market in February. Compared to February 2015, the export sales of manufacturing production rose 2% and domestic sales 4% according to unadjusted data.

In February 2016 compared to January, the seasonally adjusted total industrial production remained on the level of the previous month; production in manufacturing rose by 5%.

Compared to February 2015, the production of electricity decreased by 20% and the production of heat increased by 2%. The decline in electricity generation was caused by the partial replacement of own production with cheaper imports.Diagram: Volume index of production in manufacturing and its trend

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: