Statistics: Industrial production fell to the level of a decade ago
According to Statistics Estonia, in April 2020, the production of industrial enterprises decreased by 17 percent compared to April 2019. Production decreased in all three industrial activities: manufacturing, energy production and mining.
In April, the total production in manufacturing decreased by 15 percent year on year. Most manufacturing activities experienced a decline, with major falls in the manufacture of furniture (-40 percent), computers and electronic products (-27 percent) and building materials (-25 percent). Production increased in three manufacturing activities: manufacture of chemical products, pharmaceutical products and electrical equipment. In addition, production grew in quarrying of stone.
According to Helle Bunder, analyst at Statistics Estonia, the coronavirus-related emergency situation had a significant impact on industrial production in April. "Compared to March, many industrial activities show a stronger downward trend, affecting more areas. The last time industrial production recorded such significant falls was in 2009," said Bunder.
64 percent of the total production of manufacturing was sold to the external market. The shares of sales for export were largest in the manufacture of electronic products and in the manufacture of pharmaceutical products. According to unadjusted data, the sales of manufacturing production for export decreased by 23 percent and sales to the domestic market by 9 percent year on year.
In April, compared to March, both the seasonally adjusted total industrial production and the production of manufacturing fell by 8 percent.
In energy production, the production of electricity decreased by 53 percent, while the production of heat increased by 3 percent compared to April 2019.
Editor: Anders Nõmm