In August, the volume of industrial production increased

According to Statistics Estonia, in August 2016, the production of industrial enterprises increased 1% compared to August of the previous year. Production increased in the energy sector, but decreased in manufacturing and in mining and quarrying.

Compared to August 2015, the production of electricity increased 49% and the production of heat 9%. More than one-third of the produced electricity was exported.

In August, manufacturing production fell 1% compared to August 2015. Production did not surpass the volume of the previous year in half of the branches of industry. The decline in production was mostly due to a decrease in the manufacture of electronic, food and metal products. Production rose in the manufacture of wood products, electrical equipment and furniture.

In August, 69% of the whole production of manufacturing was sold on the external market. According to unadjusted data, the export sales of manufacturing production rose 8% and domestic sales 4% compared to August 2015. In August 2016, there were three working days more than last year.

In August 2016 compared to the previous month, the seasonally adjusted total industrial production fell 1%, with production in manufacturing having decreased 3%.

Diagram: Volume index of production in manufacturing and its trend

Read more from Statistics Estonia
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