According to Statistics Estonia, in September 2024, the total production of industrial enterprises decreased by 1.5% at constant prices compared with September last year. Among the three main sectors, output increased by 10.4% in mining and by 0.9% in electricity production but decreased by 2.1% in manufacturing.
Helle Bunder, leading analyst at Statistics Estonia, pointed out that year-on-year growth in the output of the mining industry in September was mainly driven by peat production, while the increase in energy production was due to growth in electricity production. “In manufacturing, the volume of industrial production was down in slightly more than half of the manufacturing activities. Among the larger industries, output decreased by 11% in the manufacture of wood and by 13.5% in the manufacture of motor vehicles, trailers and semi-trailers,” Bunder added.
Looking at the larger industries, the production of building materials declined as well (4.5%), and a small decrease (0.8%) was also recorded in the production of fabricated metal products and electrical equipment. Among the activities with larger shares, output grew in the manufacture of computers and electronic products (8.9%), food products (0.9%), and machinery and equipment n.e.c. (8.4%).
67.5% of the total production of manufacturing in September 2024 was sold to the external market.
Compared with September 2023, the sales of manufacturing production decreased by 2.1% at current prices according to working-day adjusted data. Domestic sales fell by 5.6%, whereas export sales remained almost unchanged, declining by just 0.1%.
Source: Statistics Estonia
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