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Industrial production growing compared to last year

In February 2018, the production of industrial enterprises increased 2% compared to February 2017. Production increased in mining and in energy, production in manufacturing stayed at previous year’s level.

The total production in manufacturing was 0.3% higher compared to the corresponding month of 2017. In February, over a half of the branches of industry exceeded the volume of the same month of the previous year. The growth in production was mostly due to an increase in the manufacture of wood products, electronic equipment and food products. Production increased considerably in the manufacture of metal products, machinery and equipment, and motor vehicles.

In February, 68% of the total production of manufacturing was sold to the external market. According to unadjusted data, sales of manufacturing production for exports increased 4% and sales to the domestic market increased 11% compared to February 2017.

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What is it like to run a business in Estonia? How to benefit from the e-solutions and the efficiency of our business culture? What are the opportunities in specific sectors? Who to partner up with?

The Estonian Investment Agency’s team is happy to help you via its complimentary e-Consulting service, organize online or offline follow-up events such as virtual investment visits and guide you through the fairly simple process of investing in Estonia.

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