Industrial production at the previous year’s level

According to Statistics Estonia, in April 2015, the production of industrial enterprises remained at the same level as in April of the previous year. Production increased in manufacturing and mining, but decreased in energy production.

While in February the production in manufacturing increased 5% and in March 3% compared to the same month of the previous year, then in April the growth in production decelerated to 1%. In April, about a half of the branches of industry surpassed the volume of the previous year. The growth in production volume was caused primarily by an increase in the manufacture of electronic and wood products, where production rose 6% and 8%, respectively. In April, among the branches of industry holding larger shares, the production rose also in the manufacture of metal products, electrical equipment, furniture and motor vehicles. The volume of production fell in the manufacture of food, chemical products and building materials.

70% of the whole production of manufacturing was sold on the external market in April. Compared to April 2014, the export sales as well as domestic sales of manufacturing production remained at the level of the previous year according to unadjusted data.

In April 2015 compared to March 2015, the seasonally adjusted total industrial production grew by 1%, the volume of manufacturing production fell by 2%.

Compared to April 2014, the production of electricity decreased by 15% and the production of heat increased by 12%.

Diagram: Volume index and trend of production in manufacturing

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Production increased in manufacturing and energy production

According to Statistics Estonia, in February 2015, the production of industrial enterprises increased by 5% compared to February of the previous year. Production increased in manufacturing and energy production, but decreased in mining.

In February, the production in manufacturing increased 6% compared to the same month of the previous year. The growth in production volume was caused primarily by an increase in the manufacture of electronic and wood products, where production rose 24% and 14%, respectively. In February, among the branches of industry holding larger shares, the production rose in the manufacture of food and metal products and electrical equipment. Production growth was not broad-based – in February, more than half of the branches of industry did not achieve the volume of the previous year. Among the branches of industry holding larger shares, the volume of production fell in the manufacture of chemical products, building materials and plastic products.

71% of the whole production of manufacturing was sold on the external market in February. Compared to February 2014, export sales as well as domestic sales of manufacturing production rose about 3% according to unadjusted data.

In February 2015 compared to January 2015, the seasonally adjusted total industrial production increased by 2%, manufacturing production by 1%.

Compared to February 2014, the production of electricity increased by 8% and the production of heat by 1%.Diagram: Volume index and trend of production in manufacturing

 

Read more from Statistics Estonia

Industrial production increased in 2014

According to the preliminary data of Statistics Estonia, in 2014 the production of industrial enterprises grew 2% compared to the previous year. Production increased 4% in manufacturing, but decreased nearly 6% in mining and energy.

In the course of 2014, manufacturing production showed a moderate growth compared to the same month of the previous year. Both export sales and the sales on the domestic market increased.In 2014, production exceeded the volume of the previous year in two-thirds of the branches of industry. The growth in the production of manufacturing was positively influenced by the three branches holding bigger shares – the manufacture of electronic products grew 7%, the manufacture of wood 8% and the manufacture of food products 4%. Production increased also in the manufacture of metal products, electrical equipment, motor vehicles, refined petroleum products and machinery and equipment. Production fell in the manufacture of chemical products, furniture and building materials.In 2014, production grew mainly due to an increase in exports. 70% of the whole production of manufacturing was sold on the external market. Export sales as well as sales on the domestic market grew about 2% compared to 2013.

In December 2014, industrial production increased 8% compared to December 2013; the production of manufacturing rose 7%. In December compared to December 2013, the production of electricity increased by 23% and the production of heat by 13%.

In December 2014 compared to November, the seasonally adjusted industrial production as well as the production of manufacturing fell 1%.

Diagram: Volume index of production in manufacturing in the European Union countries

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The producer price index of industrial output decreased in December

According to Statistics Estonia, in December 2014, the producer price index of industrial output changed by -0.4% compared to November 2014 and by -1.6% compared to December 2013.

In December, compared to the previous month, the producer price index was more than average influenced by a decrease in prices in the manufacture of fuel oils and chemical products, but also by an increase in prices in electricity, gas, steam and air conditioning supply and in the manufacture of electronic products.

Compared to December 2013, the producer price index was more than average influenced by a decrease in prices in the manufacture of electronic products and fuel oils , but also by an increase in prices in the manufacture of metal products.

Change in the producer price index

of industrial output by economic activity,

December 2014

Economic activity

according to EMTAK 2008

December 2014 –
November 2014, %
Dec. 2014 –
Dec. 2013, %
TOTAL -0.4 -1.6
Manufacturing -0.6 -1.8
Mining -3.3 0.3
Electricity, gas, steam

and air conditioning supply

2.7 -0.8
Water supply; sewerage;

waste management and remediation activities

0.0 2.9

In December 2014, the export price index changed by -2.2% compared to November 2014 and by -5.1% compared to December 2013.

In December, compared to the previous month, the prices of oil products, agricultural products and chemical products decreased more than average, while the prices of electricity, furniture and electronic products increased more than average.

In December 2014, the import price index changed by -1.9% compared to November 2014 and by -3.8% compared to December 2013.

In December, compared to the previous month, the prices of oil products, agricultural products, building materials and chemical products decreased more than average, while the prices of electricity, footwear and leather products increased more than average.

Source: Statistics Estonia

October consumer price index was influenced the most by electricity

According to Statistics Estonia, the change of the consumer price index in October 2014 was 0.0% compared to September 2014 and -0.2% compared to October of the previous year.

Compared to October 2013, goods were 0.1% and services 0.5% cheaper.

Regulated prices of goods and services have risen by 0.2% and non-regulated prices have fallen by 0.4% compared to October of the previous year.

Compared to October 2013, the consumer price index was influenced the most by electricity, heat energy and fuels, whereas the electricity that arrived at homes was 7.6% and heat energy 2.6% cheaper. 3.3% more expensive alcoholic beverages and 7.2% more expensive tobacco also had a bigger impact on the index. Motor fuel was 2.8% cheaper than in October of the previous year. Compared to October 2013, of food products, the prices of dried fruit and nuts have increased the most (17%) and the prices of sugar, apples and potatoes have decreased the most (41%, 25% and 19%, respectively).

In October compared to September, the consumer price index was mainly influenced by 9.2% cheaper fresh fruit and 20.8% more expensive plane tickets. Compared to September, of food products, the prices of hazelnuts increased the most (14%) and the prices of lemons, carrots and onions decreased the most (33%, 22% and 18%, respectively).

Change of the consumer price index by commodity groups, October 2014
Commodity group October 2013 –
October 2014, %
September 2014 –
October 2014, %
TOTAL -0.2 0.0
Food and non-alcoholic beverages -0.4 -0.4
Alcoholic beverages and tobacco 4.4 0.6
Clothing and footwear 1.1 0.5
Housing -2.2 -0.5
Household goods 1.1 0.2
Health 2.8 0.0
Transport -1.6 0.4
Communications -3.8 1.0
Recreation and culture 1.6 0.0
Education -21.9 0.0
Hotels, cafés and restaurants 4.3 -1.1
Miscellaneous goods and services 2.7 0.7

Source: Statistics Estonia

The increase in industrial production accelerated

According to Statistics Estonia, in September 2014, the production of industrial enterprises rose 4% compared to September of the previous year. The production increased in manufacturing, but decreased in mining and energy.

Since January, manufacturing has shown a growth in production compared to the same period of the previous year. While in July the increase in manufacturing was 5% and in August 6%, then in September production rose 7% compared to September of the previous year. Production exceeded the volume of September 2013 in most of the branches of industry. The growth in production was influenced the most by an increase in the manufacture of electronic products, where production rose about a quarter. 6% more wood and 9% more metal products were produced. The volume of production fell in the manufacture of electrical equipment, chemicals and furniture.

In September, 71% of the whole production of manufacturing was sold on the external market. Compared to September 2013, export sales of manufacturing production rose 13% and domestic sales 9% according to unadjusted data.

In September 2014 compared to August, the seasonally adjusted total industrial production increased 1%, including a 2% increase in the production of manufacturing 2%.

Compared to September 2013, the production of electricity fell 13% and the production of heat increased 4%.

Diagram: The volume index and trend of production in manufacturing

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The increase in industrial production continued

According to Statistics Estonia, in August 2014, the production of industrial enterprises rose 3% compared to August of the previous year. The production increased in manufacturing, while in mining and energy the production decreased.

Since January, manufacturing has shown a stable 1‒6% growth in production compared to the same month of the previous year. In August, the increase in manufacturing was 6% compared to August of the previous year. Production exceeded the volume of August 2013 in most of the branches of industry. The growth in production was influenced the most by an increase in the manufacture of electronic, wood and food products. The volume of production fell in the manufacture of building materials and wearing apparel.

In August, 71% of the whole production of manufacturing was sold on the external market. Compared to August 2013, export sales of manufacturing production rose 2% and domestic sales decreased 3% according to unadjusted data.

In August 2014 compared to July, the seasonally adjusted total industrial production decreased 2% and the production in manufacturing remained on the same level.

Compared to August 2013, the production of electricity fell 8% and the production of heat increased 3%.

Diagram: The volume index and trend of production in manufacturing

Read more from Statistics Estonia

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