Industrial production volume increases in February

The workshop of Combiwood, a wood industry company based in Southern Estonia. Image is illustrative Source: Combiwood

The production of industrial enterprises increased by 9 percent in February compared to a year before. Production increased in the energy sector, in mining and quarrying, and in manufacturing.

According to Statistics Estonia, manufacturing production was 6 percent higher in February compared to the corresponding month of 2016. Production growth was broad-based, with volumes higher than the same month in the previous year across more than two-thirds of all the branches of industry.

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

In February, 69 percent of the total production of manufacturing was sold on the external market. According to unadjusted data, the sales of manufacturing production for export increased by 2 percent, and sales to the domestic market by 6 percent compared to February 2016.

Seasonally adjusted total industrial production increased by 2 percent, production in manufacturing rose by 3 percent.

Compared to February 2016, the production of electricity increased by 33 percent, and the production of heat by 9 percent.

Editor: Dario Cavegn

Source: Statistics Estonia

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