In February, industrial production grew by 10.6 %

03.04.2017

Latest data compiled by the Central Statistical Bureau (CSB) show that, compared to February 2016, in February 2017 industrial production output increased by 10.6 % (according to calendar adjusted data at constant prices). Increase was recorded in manufacturing (of 4.6 %), mining and quarrying (11.2 %) and electricity and gas supply (28.4 %) (rise in the volume of electricity produced in combined heat and power plants and gas supply to consumers).

Compared to February of the previous year, the most notable industrial production output increase was recorded in sectors manufacturing high- and medium-high-technologies: manufacture of computer, electronic and optical products (of 34.8 %), manufacture of chemicals and chemical products (24.7 %), manufacture of motor vehicles, trailers and semi-trailers (17.4 %), manufacture of machinery and equipment (15.7 %), as well as manufacture of basic pharmaceutical products and pharmaceutical preparations and manufacture of other transport equipment. Significant output growth was observed also in manufacture of wearing apparel and manufacture of beverages – of 13.9 % and 10.4 %, respectively.

Notable industrial production output reduction, in its turn, was registered in proportionally largest sectors: manufacture of food products (of 4.2 %) and manufacture of wood and of products of wood (1 %). Output decline was registered also in printing and reproduction of recorded media (of 5.9 %) and manufacture of paper and paper products (5.4 %).

Compared to January, in February 2017 industrial production output grew by 3.3 % (according to seasonally adjusted data at constant prices); of which in manufacturing by 0.4 %, in electricity and gas supply by 10.7 %, whereas in mining and quarrying there was a decline of 2.2 %.

Volume index of manufacturing (2010=100)

 

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

 

JanuaryFebruary 2017

compared to

JanuaryFebruary2016

 (calendar adjusted)

February 2017

compared to

January 2017 (seasonally adjusted)

 

February 2016 (calendar adjusted)

 

Total production

7.6

3.3

10.6

Mining and quarrying

14.8

-2.2

11.2

Manufacturing

6.2

0.4

4.6

Manufacture of food products

-1.5

-0.8

-4.2

Manufacture of beverages

16.9

2.0

10.4

Manufacture of textiles

0.2

1.1

3.6

Manufacture of wearing apparel

2.8

6.5

13.9

Manufacture of wood and cork articles, except furniture

5.1

-6.0

-1.0

Manufacture of chemicals and chemical products

13.7

6.1

24.7

Manufacture of non-metallic mineral products

4.5

0.8

4.9

Manufacture of fabricated metal products, except machinery and equipment

9.8

-5.2

3.2

Manufacture of computer, electronic and optical products

24.6

15.6

34.8

Manufacture of electrical equipment

14.8

-7.3

9.2

Manufacture of machinery and equipment

24.2

-7.8

15.7

Manufacture of motor vehicles, trailers and semi-trailers

14.8

9.3

17.4

Manufacture of furniture

5.6

-1.8

2.9

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)

2.3

4.1

4.0

Electricity and gas supply

11.6

10.7

28.4

 

Manufacturing turnover2

Compared to February 2016, in February 2017 industrial production turnover grew by 3.5 % (according to calendar adjusted data at current prices). The turnover on the domestic market rose by 1.1 % and in exports by 6 %.

Compared to January 2017, in February 2017 manufacturing turnover increased by 0.5 % (according to seasonally adjusted data). The turnover on the domestic market rose by 2.2 %, whereas in exports dropped by 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 CSB database section Industry.

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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Kalvis Pētersons
Information and Communication Section
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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