Estonia Industrial Production Increases In May
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Statistics: Economy recovering, manufacturing up 18 percent on year to May
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0 >Employees at an Arcwood (Peetri Puit) factory in Põlva. Prices in manufacture of wooden products saw an increase in July. Source: (Jaanus Lensment/Postimees/Scanpix)
In March 2021, the total production of industrial enterprises increased by 2 percent year on year, data from Statistics Estonia shows. Production increased by 9 percent in the energy sector and by 2 percent in manufacturing, but decreased in mining by 26 percent.
Industry is the largest sector of the economy and an important driver of economic growth. The index of industrial production covers the economic indicators of three industrial activities: mining, energy production and manufacturing.
Helle Bunder, analyst at Statistics Estonia, said in March, year-on-year growth was recorded in two-thirds of manufacturing activities, but it should be considered that production had decreased in March 2020 due to the coronavirus pandemic.
Estonia Industrial Production Decreases In February
Industrial production fell a working-day adjusted 9.0 percent year-on-year in February.
Manufacturing output decreased 10.0 percent annually in February.
Production in mining declined 33.0 percent, while those of energy sector grew 36.0 percent. Among the activities with larger shares, production fell in the manufacture of food products, electrical equipment and in the manufacture of computers and electronic products, Helle Bunder, analyst at Statistics Estonia, said.
On a seasonally adjusted basis, industrial production remained unchanged monthly in February.
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