Estonian industrial production increased in 2016

According to the preliminary data of Statistics Estonia, in 2016, the production of industrial enterprises rose 2% compared to the previous year. Production increased in energy and in manufacturing, but decreased in mining.

Whereas at the beginning of 2016, the production in manufacturing experienced a fall and a rise, since September the volume of production compared to the same month of the previous year increased steadily. In 2016, the total production in manufacturing was 2% higher than in 2015. In more than two thirds of the branches of industry production surpassed the volume of the previous year. The growth in the production of manufacturing was positively influenced by the branches with larger shares: manufacture of wood products increased 6%, manufacture of electrical equipment 14%, manufacture of furniture 4%, manufacture of textiles 13%. The growth in the production of manufacturing was negatively influenced by the manufacture of electronic, metal and chemical products, where production decreased.

In 2016, export sales as well as sales on the domestic market rose about 2% compared to 2015. 69% of the whole production of manufacturing was sold on the external market.

In December 2016, the working-day adjusted industrial production increased 10% compared to December 2015; the production of manufacturing rose 8%. In December 2016 compared to December 2015, the production of electricity increased by 22% and the production of heat by 17%.

In December 2016 compared to November, the seasonally adjusted industrial production decreased 1%; the production of manufacturing increased 1%.Volume index of production in manufacturing

Read more from Statistics Estonia

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