The production of industrial enterprises rose 8 pct

According to the preliminary data of Statistics Estonia, in 2017, the production of industrial enterprises rose 8% compared to the previous year. Production volume increased in energy, mining and manufacturing.

In 2017, the total production in manufacturing was 7% higher than in 2016. In more than two thirds of the branches of industry, production surpassed the volume of the previous year. The growth in production was mostly due to an increase in the manufacture of wood products, food products, metal products and electrical equipment. Among the branches of industry with larger shares, production fell in the manufacture of electronic equipment and furniture.

In 2017, 67% of the total production of manufacturing was sold on the external market. Export increased 5% and sales on the domestic market increased 10% compared to 2016.

In December 2017, the working-day adjusted industrial production increased 7% compared to December 2016; the production of manufacturing rose 7%. In December 2017 compared to December 2016, the production of electricity decreased 6% and the production of heat increased 2%.

In December 2017 compared to November, the seasonally adjusted industrial production increased 3%; the production of manufacturing increased 1%.Volume index of production in manufacturing and its trend, January 2008 – December 2017

Read more from Statistics Estonia

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google 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 )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: