TALLINN - Output of industrial enterprises grew 37 percent in October this year compared to the same year earlier period, show data at Statistics Estonia, reports news agency LETA. The moderate growth reported at the beginning of 2010 was followed by a rapid increase in spring; in summer enterprises increased output by over 20 percent and in September, slightly over 30 percent more production than in the corresponding months of 2009. The growth in October was the biggest during this year. The growth of production has been mainly influenced by the increase in external demand.
In October, manufacturing output increased about 40 percent compared to October 2009. Export sales of the manufacturing production increased significantly, by 54 percent. More than two-thirds of the entire production was sold on the external market. The demand on the domestic market was considerably lower - domestic sales increased 13 percent compared to October of the previous year.
Production in October exceeded the volume of the previous year in most branches of industry. The growth in the production of manufacturing was most influenced by the branches holding bigger shares - manufacturing of electronic products, where the production increased by more than four times, and manufacturing of wood, where the production grew by a quarter. With respect to the branches of manufacturing holding smaller shares, the production increased considerably in the manufacturing of motor vehicles, machinery and equipment mainly due to an increase in exports.
The rapid growth in production was partly also influenced by the low reference base in 2009; this effect will last until the end of 2010. Regardless of the rapid increase, the summed up ten month industrial production total just reached the level of 2005.
In October 2010, compared to September, the seasonally adjusted industrial production rose 5 percent; the production of manufacturing firms grew 6 percent.
For October 2010, compared to October 2009, the production of electricity increased 65 percent and the production of heat fell 7 percent. The increase in energy production was mainly caused by a growing demand for energy induced by more active manufacturing, as well as by the growth in the export of electricity.