In October, the volume of industrial production1 fell in most manufacturing activities. Helle Bunder, leading analyst at Statistics Estonia, said that of all manufacturing activities, only two grew this October, namely the production of shale oil (22.1 percent) and repair and installation of machinery and equipment (2.5 percent). Among the larger industries, output declined in the manufacturing of wood (14.9 percent), electronic products (14.6 percent), electrical equipment (21.8 percent), fabricated metal products (15.0 percent), and food products (5.7 percent).

When compared to October 2022, in October 2023, the sales of manufacturing production2 decreased by 15.5 percent 'compared to at current prices according to working-day adjusted data. Domestic sales fell by 14.0 percent and export sales by 16.5 percent. 66.3 percent of the total production of manufacturing was sold to the external market.

In October 2023, the seasonally adjusted total industrial production decreased by 0.5 percent from September and the production of manufacturing was also down by 1.6 percent.

In energy production, compared with October 2022, the volume of electricity production (in megawatt-hours) decreased by 43.3 percent, whereas heat production increased by 16.7 percent.

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 1 Volume index of industrial production – an index that expresses the change in the volume of industrial production at constant prices compared with the base period. The producer price index is used for calculating the production values at constant prices.

2 Value index of industrial sales – an index that expresses the change in the value of sold industrial production at current prices compared with the base period.

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