Estonia's industrial production grows 7% on year in September
In September 2016, the production of Estonia's industrial enterprises incrased 7 percent compared to September of last year, while the export sales of manufacturing production rose 10 percent.
Production increased in manufacturing and the energy sector but decreased in mining and quarrying while manufacturing production rose 5 percent compared to September 2015, Statistics Estonia reported on Monday.
Production growth was broad-based — in September, production surpassed the volume of the previous year in two-thirds of industry branches.
The growth in production could mostly be credited to to an increase in the manufacture of electrical equipment, chemical products and textiles. Production also increased in the manufacture of wood products, building materials and motor vehicles. Production fell, however, in the manufacture of electronic, food and metal products.
In September of this year, 71 percent of all manufacturing production was sold on the external market. According to unadjusted data, export sales of manufacturing production rose ten percent and domestic sales one percent compared to figures from September 2015.
Compared to the previous month, seasonally adjusted total industrial production rose five percent in September 2016, with production in manufacturing increasing six percent. Compared to September of last year, the production of electricity increased 33 percent and the production of heat three percent.