January industrial production increased 7 percent on year ({{commentsTotal}})

Oil shale mining by VKG in Northeastern Estonia.
Oil shale mining by VKG in Northeastern Estonia. Source: (Postimees/Scanpix)

According to information released by Statistics Estonia on Friday, in January 2017, the production of industrial enterprises increased 7 percent year over year.

Production increased in mining and quarrying and manufacturing, but decreased in the energy sector.

In January, manufacturing production increased 7 percent compared to January 2016 figures. Production growth was broad-based, with production surpassing last January's volumes in two-thirds of branches of industry.

The growth in production was mostly due to an increase in the manufacture of wood products, electrical equipment and metal products. Production increased in the manufacture of textiles, motor vehicles and building materials as well. Production fell, however, in the manufacture of electronic products, food products and furniture.

In January, 69 percent of the total production of manufacturing was sold to the external market. According to unadjusted data, the sales of manufacturing production for export increased 14 percent and sales to the domestic market rose 8 percent compared to January 2016. This January included two more working days than the same month last year.

Compared to the previous month, the seasonally adjusted total industrial production increased 2 percent this January, whereas production in manufacturing decreased 1 percent.

Compared to January 2016, the production of electricity increased 6 percent and the production of heat decreased 13 percent.

Editor: Aili Vahtla



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