In February industrial production witnessed 1.5% growth

02.04.2015

Latest data compiled by the Central Statistical Bureau show that compared to January industrial production volume in February 2015 (according to seasonally adjusted data at constant prices) increased by 1.5%. Production output in manufacturing grew by 0.7%, in mining and quarrying - by 1.5%, and in electricity and gas supply - by 6.3%.

Volume index of manufacturing
(2010=100)

Data source: Central Statistical Bureau of Latvia

Compared to February 2014, industrial production output decreased by 1.6%, according to calendar adjusted data at constant prices. It was affected by production drop of 11.5% in electricity and gas supply. In turn, in manufacturing industrial production witnessed a growth of 1.6% and in mining and quarrying – of 6.7%.

Production growth was observed in manufacture of computer, electronic and optical products – of 98.9%, in manufacture of furniture - of 20.2%, in manufacture of wood and cork articles – of 9.7%, and in manufacture of fabricated metal products, except machinery and equipment - of 3.9%. 

In turn production drop was observed in manufacture of textiles - of 23.4%, in manufacture of wearing apparel - of 22.4% and in manufacture of food products - of 10.7%. 

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

 

January - February 2015

compared to January - February

2014  
(calendar adjusted)

February 2015

compared to

January 2015

(seasonally adjusted)

February 2014
(calendar adjusted)

All production

-2.6

1.5

-1.6

Mining and quarrying

10.8

1.5

6.7

Manufacturing

1.8

0.7

1.6

Manufacture of food products

-7.2

-3.1

-10.7

Manufacturing of textiles

-24.9

-4.2

-23.4

Manufacture of wearing apparel

-15.5

-12.8

-22.4

Manufacture of wood and cork articles, except furniture

9.8

2.7

9.7

Manufacture of chemicals and chemical products

-2.9

4.7

3.3

Manufacture of non-metallic mineral products

0.9

2.5

-1.2

Manufacture of fabricated metal products, except machinery and equipment

1.8

-2.2

3.9

Manufacture of computer, electronic and optical products

116.7

-8.0

98.9

Manufacture of electrical equipment

-14.6

1.9

-16.2

Manufacture of machinery and equipment

-3.4

-8.9

-8.3

Manufacture of motor vehicles, trailers and semi-trailers

-1.1

1.2

0.7

Manufacture of furniture

16.4

5.6

20.2

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)

-4.9

1.1

-0.8

Electricity and gas supply

-15.6

6.3

-11.5

More information on seasonally adjusted, calendar adjusted and non-adjusted industrial production volume indices and weights structure used in the calculations is available in the CSB database section Industry.

 

More information:
Industrial and Construction Statistics Section
Irēna Bekmane
Tel. +371 67366830