Estonia Industrial Production Increases In 2017

Estonia industrial production increased 8 percent in 2017 from the previous year, preliminary data from Statistics Department showed. The industrial output was driven by higher manufacturing, mining and energy.

Estonia industrial production gained due to 7 percent expansion in manufacturing production in 2017.

Similarly, over two-thirds of the industry branches recorded higher production than the preceding year.

The expansion in production was attributed to higher wood products, metal products, food products, and electrical equipment manufacturing.

Within the branches of industry with big shares, production recorded a fall in electronic equipment and furniture manufacturing.

The release added, “In 2017, 67% of the total production of manufacturing was sold on the external market. Export increased 5% and sales on the domestic market increased 10% compared to 2016.”

As far as December was concerned, adjusted industrial production grew 7 percent from the previous year period with manufacturing expanding 7 percent. On the other hand, electricity production dropped 6 percent whereas heat production advanced two percent.

On a monthly basis, the seasonally adjusted industrial production grew 3 percent with manufacturing recording one percent increase.

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