In February, industrial production volume has reduced by 1.9%

03.04.2013

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

(2010=100)

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)

 

January-February 2013

compared to

January-February 2012
(calendar adjusted)

February 2013

compared to

January 2013
(seasonally adjusted)

February  2012
(calendar adjusted)

All production

0.0

-2.6

-1.9

Mining and quarrying

10.4

9.7

24.1

Manufacturing

0.9

0.2

1.9

Manufacture of food products

9.2

-0.7

8.1

Manufacture of textiles

2.7

-7.0

-0.3

Manufacture of wearing apparel

4.5

0.1

1.4

Manufacture of wood and cork articles, except furniture

0.9

5.0

8.7

Manufacture of chemicals and chemical products

-11.3

-4.8

-17.0

Manufacture of basic pharmaceutical products and pharmaceutical preparations

-16.3

-9.5

-22.4

Manufacture of other non-metallic mineral products

5.5

0.9

7.9

Manufacture of basic metals

-10.8

-19.5

-27.2

Manufacture of fabricated metal products, except machinery and equipment

-3.8

-3.7

-9.4

Manufacture of computer, electronic and optical products

9.6

5.2

11.2

Manufacture of electrical equipment

20.5

1.6

18.8

Manufacturing of machinery and equipment

2.1

-8.6

-5.4

Manufacture of motor vehicles, trailers and semi-trailers

-3.8

9.5

0.2

Manufacture of other transport equipment (building of ships and boats, manufacture of railway locomotives and rolling stock)

-6.3

-17.4

-15.0

Manufacture of furniture

14.4

5.0

16.0

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)

-41.8

-6.8

-44.7

Electricity and gas supply

-3.5

-8.7

-13.7

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.

                                             

Sanda Rieksta
Central Statistical Bureau of Latvia
Public Relations Manager
67366621; 27880666
sanda [dot] rieksta [at] csb [dot] gov [dot] lv

 

More information:
Industrial Statistics Section
Ramona Skakunova
Tel. 67366953

_________

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.