In February, industrial production volume has reduced by 1.9%
Latest data compiled by the Central Statistical Bureau of Latvia show that, compared to the February of previous year, industrial production output in February 2013 dropped by 1.9%, according to calendar adjusted data at constant prices. Reduction in industrial production output was recorded in electricity and gas supply – of 13.7%. Drop in the energy sector was strongly influenced by climatic conditions: February of this year was warmer than both previous month (January) and February of the previous year. Rise in the industrial production volume, in its turn, was observed in mining and quarrying (of 24.1%) and in manufacturing (of 1.9%).
„Dynamics of industrial production output during the year may be characterised as stable. Regardless the notable reduction in manufacture of basic metals, situation in manufacturing sector that was significantly influenced by one of the largest industrial sectors – wood processing – during the year remains stable and even a slight growth comprising 1.9% can be observed" as it was pointed out by the President of Central Statistical Bureau Aija Žīgure.
Industrial production volume index
The most notable rise among manufacturing sectors having the largest share in the industrial production output was recorded in manufacture of wood and cork articles, except furniture (of 8.7%) and in manufacture of food products (of 8.1%). Growth was observed also in manufacture of furniture and manufacture of electrical equipment – of 16% and 18.8%, respectively; whereas the most significant production decrease was monitored in 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) (of 44.7%), in manufacture of basic metals (of 27.2%), and in manufacture of basic pharmaceutical products and pharmaceutical preparations (of by 22.4%).
Compared to January of this year, volume of industrial production in February 2013 has reduced by 2.6%, according to seasonally adjusted data at constant prices; the fall was due to the drop in electricity and gas supply (of 8.7%). Whereas industrial production in manufacturing grew by 0.2% and in mining and quarrying it rose by 9.7%.
In comparison with January, rise in the volume of industrial production in February was recorded in manufacture of motor vehicles, trailers and semi-trailers (of 9.5%), in manufacture of computer, electronic and optical products (of 5.2%), and in manufacture of wood and cork articles, except furniture (of 5.0%);while reduction was observed in manufacture of basic metals (of 19.5%), inmanufacture of other transport equipment (building of ships and boats, manufacture of railway locomotives and rolling stock) (of 17.4%), and in manufacture of basic pharmaceutical products and pharmaceutical preparations (of 9.5%).
Changes in volume of industrial production, %
(at constant prices)
Mining and quarrying
Manufacture of food products
Manufacture of textiles
Manufacture of wearing apparel
Manufacture of wood and cork articles, except furniture
Manufacture of chemicals and chemical products
Manufacture of basic pharmaceutical products and pharmaceutical preparations
Manufacture of other non-metallic mineral products
Manufacture of basic metals
Manufacture of fabricated metal products, except machinery and equipment
Manufacture of computer, electronic and optical products
Manufacture of electrical equipment
Manufacturing of machinery and equipment
Manufacture of motor vehicles, trailers and semi-trailers
Manufacture of other transport equipment (building of ships and boats, manufacture of railway locomotives and rolling stock)
Manufacture of furniture
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)
Electricity and gas supply
In January 2013 industrial production output1 (at current prices) comprised LVL 406.1 million.
More information on seasonally adjusted, calendar adjusted and non-adjusted industrial production volume indices is available in the CSB database.
Central Statistical Bureau of Latvia
Public Relations Manager
sanda [dot] rieksta [at] csb [dot] gov [dot] lv
Industrial Statistics Section
1 Data are compiled on economically active enterprises, which in industrial production employ 20 and more persons, or industrial turnover of which previous year exceeded LVL 300 thousand.
Industrial production volume, in compliance with the Statistical Classification of Economic Activities NACE Rev. 2, includes mining and quarrying, manufacturing, and electricity, gas, steam and air conditioning supply, except steam and air conditioning supply.
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