Industrial output in July 2008

03.09.2008

In January – July 2008 industrial production output [1] (at current prices) comprised LVL 2804 mln, of which in July – LVL 399.6 mln, according to the data of Central Statistical Bureau.

Compared to June 2008 industrial production volume at constant prices in July 2008 decreased by 0.7%, according to seasonally adjusted data (seasonal and working day influence was taken into account). Of which in manufacturing reduction comprised 1%, in electricity, gas and water supply - by 0.5%, but in mining and quarrying there was an increase of 7.7%. Industrial production output reduction was mostly influenced by production decrease in the manufacturing of other transport equipment (repairing and construction of ships and boats) – by 34.7%, in manufacturing of chemicals, chemical products and man-made fibres – by 8.7%, and in manufacture of wood and of products of wood and cork – by 3.7%.

Compared to July of previous year in July 2008 industrial production output has reduced by 6.9%, according to working day adjusted data. Of which in manufacturing – by 9.1%, in electricity, gas and water supply - by 1.6%, but in mining and quarrying there was an increase of 20.9%. Industrial production output decrease was mainly influenced by the volume reduction in the manufacturing of furniture – by 44.7%, in manufacture of wood and of products of wood and cork – by 15.5%, and in manufacturing of food products and beverages – by 9.5%.

Volume index of manufacturing (2000=100)

Changes in volume indices of industrial production in July 2008 (at constant prices)

VII 2008 as % over

VI 2008 (seasonally adjusted) [2]

VII 2007(working day adjusted)

Industry

-0.7

-6.9

Mining and quarrying

7.7

20.9

Manufacturing

-1.0

-9.1

 Manufacturing of food products and beverages

1.5

-9.5

   processing and preservation of meat and meat products

2.4

-3.0

   processing and preserving of fish and fish products

-17.9

-12.6

   manufacture of dairy products

0.5

-14.6

   manufacture of grain mill products, starches and starch products

2.2

-1.9

   manufacture of other food products (bread, confectionery, sugar)

2.6

-8.0

   manufacture of beverages

8.4

-11.3

 Manufacturing of textiles

4.6

-0.3

 Manufacturing of wearing apparel; processing and colouring of furs

22.8

-2.1

 Manufacturing of wood and cork articles, except furniture

-3.7

-15.5

   sawmilling and planning of wood, impregnation of wood

-2.7

-24.9

 Manufacture of pulp, paper and paper products

6.0

0.9

 Publishing, printing and reproduction of recorded media

4.7

0.0

 Manufacturing of chemicals, chemical products and man-made fibres

-8.7

-16.5

 Manufacturing of rubber and plastic products

-0.2

-15.8

 Manufacture of other non-metallic mineral products

8.4

4.4

 Manufacturing of basic metals

5.6

8.2

 Manufacturing of fabricated metal products, except machinery and equipment

-9.4

-1.9

 Manufacturing of machinery, mechanisms, and equipment

-4.4

-17.4

 Manufacturing of electrical machinery and equipment

2.9

-3.4

 Manufacturing of other transport equipment (repairing and construction of ships and boats)

-34.7

-9.4

 Manufacturing of furniture; manufacturing not classified otherwise

-2.8

-40.0

   manufacture of furniture

-5.8

-44.7

Electricity and gas supply

-0.5

-1.6

More information on seasonally adjusted, working day adjusted and non-adjusted industrial production volume indices is available in the data base of CSB.

[1] Data are compiled on economically active enterprises, which in industrial production employ 20 and more persons, or in which industrial turnover previous year exceeded LVL 300 thsd.

Industrial production volume includes income from produced goods and sale of works (services) of industrial character excluding value added tax, final product stock and unfinished product stock changes at the end of the reference period in comparison with the beginning of the reference period, and value of equipment produced with the help of the enterprise labour force for own needs, as well as, capital repairs of the equipment.

[2] The influence of varying number of working days in the month and factors of seasonal repetition, i.e., seasonal fluctuations of goods produced in selected economic activities, has been eliminated.

Prepared by the Industrial Statistics Section
Tel. +371 67366953
Ramona Skakunova