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2017 industrial production up eight percent on year

Manufacturing remains an important part of the Estonian economy.
Manufacturing remains an important part of the Estonian economy. Source: (Postimees/Scanpix)

According to information released by Statistics Estonia on Wednesday, the production of industrial businesses rose eight percent on year in 2017, with production volumes increasing in energy, mining and manufacturing.

In 2017, total production in manufacturing was seven percent higher than in 2016.

In more than two thirds of the branches of industry, production surpassed the volume of the previous year. The growth in production was due primarily to an increase in the manufacture of wood products, food products, metal products and electrical equipment. Among branches of industry with larger shares, production fell in the manufacture of electronic equipment and furniture.

In 2017, 67 percent of the total production of manufacturing was sold on the external market. Export increased five percent and sales on the domestic market ten percent compared to 2016.

In December 2017, the working-day adjusted industrial production increased seven percent on year; manufacturing production rose by seven percent as well. Production of electricity, meanwhile, decreased two percent, while the production of heat increased two percent.

Compared to November 2017, seasonally adjusted industrial production increased three percent in December, while the production of manufacturing increased one percent.

Editor: Aili Vahtla

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