Analytics, Estonia, Industry, Statistics
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Friday, 29.03.2024, 08:03
Estonia: Volume of industrial production grows 2% on year in October
In October, the total production in manufacturing was 2% higher compared to the corresponding month of 2017. In October, over half of the branches of industry exceeded the volume of the same month of the previous year. The growth in production was mostly due to an increase in the manufacture of computers and electronic products, manufacture of furniture and wood. Among the branches of industry with larger shares, production fell in the manufacture of electrical equipment and fabricated metal products.
In October, 68% of the total production of manufacturing was sold to the external market. According to unadjusted data, compared to October 2017, the sales of manufacturing production for exports increased by 8% and sales to the domestic market by 10%.
In October 2018, compared to September, the seasonally adjusted total industrial production increased in total by 1%. Production of manufacturing rose by 2% compared to the previous month.
Compared to October 2017, the production of electricity decreased by 14%.