In 2016, industrial production grew by 4.9 %

03.02.2017

Data of the Central Statistical Bureau (CSB) show that, compared to 2015, in 2016 industrial production volume1 grew by 4.9 % (according to calendar adjusted data at constant prices). Growth was facilitated by an increase in the output of manufacturing (of 5.0 %) and electricity and gas supply (of 6.4 %), whereas miming and quarrying experienced a drop of 0.3 %.

Compared to December 2015, in December 2016 industrial production output rose by 11.5 % (according to calendar adjusted data at constant prices). An increase in production output was registered in manufacturing (of 11.7 %), in mining and quarrying (of 16.2 %) and in electricity and gas supply (of 10.8 %).

Industrial production volume grew in most of the manufacturing sectors, including the proportionally largest ones – in manufacture of fabricated metal products (by 19.0 %), in manufacture of wood and wood articles (by 8.9 %) and in manufacture of food products (by 1.9 %). For the second month in a row, the largest increase in production output was registered in manufacturing sectors of high and medium-high technologies: in manufacture of motor vehicles, trailers and semi-trailers (of 49.8 %), in manufacture of electrical equipment (of 37.1 %), in manufacture of computer, electronic and optical products (of 16.9 %), and in manufacture of machinery and equipment (of 13.1 %). A significant increase in production output was also registered in manufacture of basic pharmaceutical products and pharmaceutical preparations.

Information provided by manufacturing enterprises shows that the growth of production output was mainly facilitated by an increase in the turnover of exported products – by 10.8 %, of which to the euro area – by 26.1 %. Two thirds of all manufacturing products were sold on external markets.

In December 2016, as compared to November, industrial production output increased by 0.2 % (according to seasonally adjusted data at constant prices), of which in manufacturing – by 1.8 % and in mining and quarrying – by 5.5 %, whereas electricity and gas supply experienced a drop of 6.3 %.

Volume index of manufacturing (2010=100)

  

 

Changes in industrial production output, %
(at constant prices)

 

 

 

2016

compared to

2015

(calendar adjusted)

 

Q4 2016

compared to

December 2016

compared to

Q32016

 (seasonally adjusted)

Q4 2015

(calendar adjusted)

November 2016 (seasonally adjusted)

 

December 2015 (calendar adjusted)

 

Total production

4.9

5.4

9.8

0.2

11.5

Mining and quarrying

-0.3

8.7

12.8

5.5

16.2

Manufacturing

5.0

4.1

9.3

1.8

11.7

Manufacture of food products

0.9

0.4

3.7

-0.5

1.9

Manufacture of beverages

3.6

0.9

10.3

-0.2

2.3

Manufacture of textiles

3.0

-6.3

-3.0

-19.0

-15.3

Manufacture of wearing apparel

-3.7

3.5

-0.7

-2.9

-2.9

Manufacture of wood and cork articles, except furniture

7.5

6.0

7.2

4.0

8.9

Manufacture of chemicals and chemical products

-1.7

4.7

1.7

8.1

13.8

Manufacture of non-metallic mineral products

11.1

3.7

19.2

-5.2

21.9

Manufacture of fabricated metal products, except machinery and equipment

8.8

4.3

8.9

6.5

19.0

Manufacture of computer, electronic and optical products

15.5

4.0

17.6

2.9

16.9

Manufacture of electrical equipment

6.2

14.9

27.3

14.5

37.1

Manufacture of machinery and equipment

7.8

-1.6

7.7

1.0

13.1

Manufacture of motor vehicles, trailers and semi-trailers

6.1

10.7

37.8

1.9

49.8

Manufacture of furniture

4.2

1.2

7.3

4.3

12.0

Repair and installation of machinery and equipment (repair and maintenance of ships and boats, repair of fabricated metal products, machinery and equipment, installation of industrial machinery and equipment)

-3.8

8.6

4.7

-5.0

13.7

Electricity and gas supply

6.4

23.7

11.7

-6.3

10.8

 

 

Manufacturing turnover2

In 2016, as compared to 2015, manufacturing turnover increased by 1.5 % (according to calendar adjusted data at current prices), as this was facilitated by 3.4 % growth in exports (of 3.4 %), however, the domestic market experienced a drop of 0.3 %.

According to calendar adjusted data, in December 2016 manufacturing turnover rose by 5.8 %, as compared to December 2015. The turnover on the domestic market increased by 1.8 %, whereas in exports – by 10.8 %.

According to seasonally adjusted data, in December 2016 manufacturing turnover decreased by 0.3 %, as compared to November. The turnover on the domestic market dropped by 1.7 %, whereas exports experienced an increase of 1.3 %.

More information on seasonally adjusted, calendar adjusted and non-adjusted industrial production volume and turnover indices (including by sector) is available in the Industry section of the CSB database.

 

Methodological explanations
1The volume index of industrial production describes changes in the volume of industrial production during the reference period in comparison to the base period. The index is estimated by recalculating the production output indicator at constant prices with the help of producer price indices.
2The industrial turnover index measures the monthly development of market demand for industrial goods and services. It is calculated at current prices without excluding price influence. Unlike industrial goods that also include unfinished goods and goods in stock, turnover only includes the goods sold and industrial services provided.

 

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Sanda Rieksta
Information and Communication Section
E-mail: media [at] csb [dot] gov [dot] lv
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More information on data:
Irēna Bekmane
Industrial and Construction Statistics Section
E-mail: Irena [dot] Bekmane [at] csb [dot] gov [dot] lv
Phone: +371 67366830