In August, industrial production output rose by 12.1 %

04.10.2017

Data compiled by the Central Statistical Bureau (CSB) show that, compared to August 2016, in August 2017 industrial production output1 increased by 12.1 % (according to calendar adjusted data at constant prices). Rise was recorded in manufacturing (of 12.1 %), mining and quarrying (20.4 %) and electricity and gas supply (10.6 %).

Compared to the corresponding month of the previous year, significant industrial production output increase was observed in manufacturing sectors having the largest share in the industrial production: manufacture of wood and of products of wood and cork (of 10.9 %), manufacture of food products (6.5 %), manufacture of fabricated metal products, except machinery and equipment (34.9 %). Notable increase was registered in manufacture of motor vehicles, trailers and semi-trailers (of 49.1 %), manufacture of chemicals and chemical products (30.5 %), manufacture of machinery and equipment (of 21.9 %), which was influenced by the rise in demand for this production in external markets.

Compared to July 2017, in August 2017 industrial production output went up by 1.2 % (according to seasonally adjusted data at constant prices), of which by 1.6 % in manufacturing, and by 0.3 % in electricity and gas supply, whereas in mining and quarrying there was a decline of 1.6 %.

Volume index of manufacturing
(2010=100)

 

Changes in industrial production output
(as per cent, at constant prices)

 

JanuaryAugust 2017, compared to

JanuaryAugust 2016(calendar adjusted)

August 2017, compared to

July 2017

(seasonally adjusted)

 

August 2016 (calendar adjusted)

 

Total production

9.4

1.2

12.1

Mining and quarrying

18.8

-1.6

20.4

Manufacturing

8.5

1.6

12.1

Manufacture of food products

4.7

0.0

6.5

Manufacture of beverages

10.2

11.3

7.1

Manufacture of textiles

1.2

-5.0

1.9

Manufacture of wearing apparel

9.5

-8.9

3.1

Manufacture of wood and of products of wood and cork, except furniture

3.0

2.1

10.9

Manufacture of chemicals and chemical products

17.7

10.0

30.5

Manufacture of non-metallic mineral products

9.4

1.6

9.6

Manufacture of fabricated metal products, except machinery and equipment

11.8

1.4

34.9

Manufacture of computer, electronic and optical products

20.8

-0.8

3.3

Manufacture of electrical equipment

24.8

-2.5

7.7

Manufacture of machinery and equipment

18.6

2.5

21.9

Manufacture of motor vehicles, trailers and semi-trailers

20.5

17.5

49.1

Manufacture of furniture

6.9

6.6

4.9

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)

1.1

3.8

20.2

Electricity and gas supply

12.0

0.3

10.6

 

Manufacturing turnover2

Compared to August 2016, in August 2017 manufacturing turnover increased by 16.1 % (according to calendar adjusted data at current prices).Turnover on the domestic market grew by 14.5 % and in export by 18.1 % (of which by 29.6 % in euro area and by 9.8 % in non-euro area).

Compared to July 2017, in August 2017 manufacturing turnover rose by 3.5 % (according to seasonally adjusted data). Turnover on the domestic market went up by 2.1 % and in export by 5.2 % (of which by 7 % in euro area and by 8.5 % in non-euro area).

 

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

 

Methodological explanations

1 The 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.

2 The 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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Kalvis Pētersons
Communication Section
E-mail: media [at] csb [dot] gov [dot] lv
Phone: +371 67366624, +371 27880666
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More information on data:
Madara Liepiņa
Industrial and Construction Statistics Section
E-mail: Madara [dot] Liepina [at] csb [dot] gov [dot] lv
Phone: +371 67366953