Industrial output fell by 5 percent when compared to the previous month.
In manufacturing, production fell by 10 percent compared with the previous year. The main reason causing the decline in production was poor market demand. The decrease in manufacturing output was mainly the result of a drop in the production of food, wood and building materials.
The largest fall, by about one-third, was recorded in the production of building materials, which is directly connected to the decline in the domestic construction market, Statistics Estonia said.
About one-third fewer prefabricated structural components for civil engineering and 36 percent less concrete mix was produced.
The price increase in the food industry has decelerated in recent months. Compared to the 20 percent growth rate at the beginning of the year, in October the price increase of food products fell below 10 percent for the first time.
Just like in previous months, in October output increased primarily in the export oriented branches of the industry, such as in the manufacture of metal products, chemical products and electrical machinery.
The share of exports in these branches was 61 percent, 83 percent and 82 percent, respectively.
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