The industrial producer price index increased in April

According to Statistics Estonia, in April 2017, the producer price index of industrial output changed by 0.3% compared to March and by 3.7% compared to April 2016.

In April, compared to the previous month, the producer price index was affected more than average by an increase in prices in the manufacture of chemicals, in electricity, gas, steam and air conditioning supply, in mining and quarrying and in the manufacture of wood, but also by a decrease in prices in the manufacture of parts and accessories for motor vehicles and in the manufacture of food products.

Compared to April 2016, the index was affected more than average by an increase in prices in the manufacture of fuel oils, food products and electronic equipment, but also by a decrease in prices in mining and quarrying and in the manufacture of parts and accessories for motor vehicles.

Change in producer price index of industrial output by economic activity, April 2017
Economic activity according to EMTAK 2008 April 2017 – March 2017, % April 2017 – April 2016, %
TOTAL 0.3 3.7
Manufacturing 0.2 4.0
Mining and quarrying 1.7 -4.6
Electricity, gas, steam and air conditioning supply 1.3 2.9
Water supply; sewerage, waste management and remediation activities 0.0 0.0

In April 2017, the export price index changed by 0.6% compared to March and by 6.4% compared to April 2016.

In April, compared to the previous month, the prices of articles of peat, petroleum products and beverages increased more than average, while the prices of leather products, parts and accessories for motor vehicles and metal products decreased more than average.

In April 2017, the import price index changed by 0.5% compared to March and by 5.8% compared to April 2016.

In April, compared to the previous month, the prices of agricultural products, electricity and metals increased more than average, while the prices of electronic products, textiles and electrical equipment decreased more than average.

The statistics are based on the questionnaires “Producer price”, ”Export price” and “Import price”, the deadline of which was 6 May 2017.

Source: Statistics Estonia

Production increased in the energy sector

According to Statistics Estonia, in April 2017, the production of industrial enterprises increased 10% compared to April of the previous year. Production increased in the energy sector, mining and quarrying as well as manufacturing.

In April, manufacturing production was 8% higher compared to the corresponding month of 2016. Production growth was broad-based – in April, production surpassed the volume of April 2016 in two-thirds of the branches of industry. The growth in production was mostly due to an increase in the manufacture of wood, metal and food products and electrical equipment. Production increased also in the manufacture of motor vehicles and building materials. Among the branches of industry with larger shares, production fell in the manufacture of electronic products, furniture and textiles.

In April, 67% of the total production of manufacturing was sold to the external market. According to unadjusted data, the sales of manufacturing production for export decreased 3% and sales to the domestic market rose 5% compared to April 2016. In April 2017, there were two working days less than in April 2016.

In April 2017 compared to the previous month, the seasonally adjusted total industrial production remained on the level of the previous month; however, production in manufacturing fell by 1%.

Compared to April 2016, the production of electricity increased 22% and the production of heat 19%.Volume index of production in manufacturing and its trend

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Production increased in the energy sector, mining and quarrying

According to Statistics Estonia, in March 2017, the production of industrial enterprises increased 15% compared to March of the previous year. Production increased in the energy sector, mining and quarrying as well as manufacturing.

In March, manufacturing production was 10% higher compared to the corresponding month of 2016. Production growth was broad-based – in March, production surpassed the volume of March 2016 in more than two-thirds of the branches of industry. The growth in production was mostly due to an increase in the manufacture of wood products, metal products and electrical equipment. Production increased also in the manufacture of food products, motor vehicles and building materials. Among the branches of industry with larger shares, production fell only in the manufacture of electronic products.

In March, 69% of the total production of manufacturing was sold to the external market. According to unadjusted data, the sales of manufacturing production for export increased 11% and sales to the domestic market rose 12% compared to March 2016.

In March 2017 compared to the previous month, the seasonally adjusted total industrial production increased 2%; production in manufacturing rose by 1%.

Compared to March 2016, the production of electricity increased 54% and the production of heat 1%.

Volume index of production in manufacturing and its trend, January 2008 – March 2017

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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

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The volume of industrial production increased in September

According to Statistics Estonia, in September 2016, the production of industrial enterprises increased 7% compared to September of the previous year. Production increased in manufacturing and the energy sector, but decreased in mining and quarrying.

In September, manufacturing production rose 5% compared to September 2015. The production growth was broad-based – in September, production surpassed the volume of the previous year in two-thirds of the branches of industry. The growth in production was mostly due to an increase in the manufacture of electrical equipment, chemical products and textiles. Production rose also in the manufacture of wood products, building materials and motor vehicles. Production fell in the manufacture of electronic, food and metal products.

In September, 71% of the whole production of manufacturing was sold on the external market. According to unadjusted data, the export sales of manufacturing production rose 10% and domestic sales 1% compared to September 2015.

In September 2016 compared to the previous month, the seasonally adjusted total industrial production rose 5%, with production in manufacturing having increased 6%.

Compared to September 2015, the production of electricity increased 33% and the production of heat 3%.Diagram: Volume index of production in manufacturing and its trend

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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

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The volume of industrial production decreased in March

According to Statistics Estonia, in March 2016, the production of industrial enterprises decreased 5% compared to March of the previous year. Production decreased in the energy sector, mining and quarrying, and manufacturing.

In mining, production fell 40% because of a drop in oil shale mining due to low demand caused by the low price of oil and oil shale products.

In March, manufacturing production decreased 3% compared to March of the previous year. The fall in production was mostly caused by the continued decrease in the manufacture of electronic and metal products. Among the branches of industry holding larger shares, production fell also in the manufacture of food products and chemicals. In March, about a half of the branches of industry did not surpass the volume of the previous year. Although among some of the branches of industry holding larger shares (the manufacture of wood products, electrical equipment and furniture), production rose, it did not compensate for the fall in other branches.

70% of the whole production of manufacturing was sold on the external market in March. Compared to March 2015, the export sales of manufacturing production fell 6% according to unadjusted data, while domestic sales remained on the same level as in March 2015.

In March 2016 compared to January, the seasonally adjusted total industrial production fell 3%; production in manufacturing decreased by 4%.

Compared to March 2015, the production of electricity decreased by 8% and the production of heat increased by 10%. 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 mored from Statistics Estonia