In February industrial production grew by 3.8 %

04.04.2016

Latest data compiled by the Central Statistical Bureau (CSB) show that, compared to February 2015, in February 2016 industrial production output increased by 3.8 % (according to calendar adjusted data at constant prices). Of which rise in manufacturing comprised 4.3 %, in mining and quarrying – 3.0 %, and in electricity and gas supply – 2 %.Increase in manufacturing was recorded in the sectors having the largest share – manufacture of wood and of products of wood (of 11.2 %), manufacture of fabricated metal products, except machinery and equipment (of 10 %), and manufacture of food products (of 5.2 %).Increase in volume of industrial production was recorded also in manufacture of textiles, manufacture of beverages, and manufacture of furniture. Whereas reduction was observed in repair and installation of machinery and equipment (of 21 %), manufacture of electrical equipment (of 6.4 %), and manufacture of wearing apparel (of 2.3 %).

Compared to January 2016, in February 2016 volume of industrial production dropped by 0.1 % (according to seasonally adjusted data at constant prices); the fall was due to the decline of 10.7 % in electricity and gas supply. While in manufacturing there was a rise of 4.2 % and in mining and quarrying – of 1.1 %.

Volume index of manufacturing (2010=100)

Changes in volume of industrial production, %
(at constant prices)

 

January–February 2016

compared to

January–February 2015

 (calendar adjusted)

February 2016

compared to

January 2016

(seasonally adjusted)

February 2015    

(calendar adjusted)

Total production

4.2

-0.1

3.8

Mining and quarrying

2.6

1.1

3.0

Manufacturing

0.7

4.2

4.3

Manufacture of food products

-0.7

4.3

5.2

Manufacture of textiles

17.0

-6.3

13.6

Manufacture of wearing apparel

-0.8

-11.8

-2.3

Manufacture of wood and cork articles, except furniture

10.2

4.2

11.2

Manufacture of chemicals and chemical products

2.5

-2.6

-1.9

Manufacture of other non-metallic mineral products

0.5

0.4

-0.2

Manufacture of fabricated metal products, except machinery and equipment

4.2

6.0

10.0

Manufacture of computer, electronic and optical products

-7.8

5.5

-0.1

Manufacture of electrical equipment

-2.3

-4.4

-6.4

Manufacture of machinery and equipment

1.6

8.6

11.4

Manufacture of motor vehicles, trailers and semi-trailers

3.5

4.2

6.2

Manufacture of furniture

3.1

2.4

2.8

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)

-30.0

6.0

-21.0

Electricity and gas supply

17.5

-10.7

2.0

Manufacturing turnover

Compared to February 2015, manufacturing turnover rose by 5.5 % (according to calendar adjusted data at current prices), of which by 3.6 % in domestic market and by 7.7 % in export. Sale of industrial goods and services in euro area grew by 18.3 % and in non-euro area – by 0.2 %.

Compared to January, in February 2016 manufacturing turnover increased by 3.8 % (according to seasonally adjusted data). In domestic market turnover went up by 5 % and in export – by 2.5 % (of which in euro area – by 1.8 %, while in non-euro area there was a drop of 1.4 %).

Changes in turnover of selected manufacturing sectors in February 2016, as % of February 2015 (calendar adjusted data)

More information on seasonally adjusted, calendar adjusted, and non-adjusted industrial production and turnover indices is available in the CSB database section Industry.

Methodological explanations

The volume index of industrial production describes changes in the volume of industrial production in the reference period compared to the base period.  The volume index of industrial production is estimated by recalculating production output indicator at constant prices with the help of producer prices.

Industrial Turnover Index measures monthly development of market demand for industrial goods and services. It is calculated at current prices, not 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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More information on data:
Industrial and Construction Statistics Section
Irēna Bekmane
Irena [dot] Bekmane [at] csb [dot] gov [dot] lv
Tel. +371 67366830