Industrial production in April has grown by 0.5%

03.06.2013

Latest data compiled by the Central Statistical Bureau of Latvia show that, in comparison with March, industrial production volume in April increased by 0.5%, according to seasonally adjusted data at constant prices. Rise in manufacturing comprised 0.8%, while in mining and quarrying as well as in electricity and gas supply there was a decrease of 4.1% and 0.4%, respectively.  

Industrial production volume index

(2010=100)

 

As compared to March, increase was observed inmanufacture of other transport equipment (building of ships and boats, manufacture of railway locomotives and rolling stock) (2.1 times), in manufacture of electrical equipment (of 20.7%), and in manufacture of basic pharmaceutical products and pharmaceutical preparations (of 11.3%). Whereas reduction was recorded in manufacture of basic metals (of 24.1%), in manufacture of wearing apparel (of 11.5%), and in manufacture of paper and paper products (of 10.4%).

Compared to April 2012, industrial production output in April of this year dropped by 1%, according to calendar adjusted data at constant prices. Of which in mining and quarrying – by 14.8%, in manufacturing – by 2.8%, while in electricity and gas supply there was an increase of 6.6%. The most notable reduction of industrial production volume was observed in manufacture of basic metals (of 51.9%), 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 31.5%), and in manufacture of chemicals and chemical products (of 29.8%). While the highest rise was recorded in manufacture of electrical equipment (of 29.9%), in manufacture of computer, electronic and optical products (of 20.9%), and in manufacture of furniture (of 16.3%).

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

 

January - April 2013

compared to

2012

January – April 2012

 (calendar adjusted)

April 2013

compared to

March 2013

(seasonally adjusted)

April 2012    

(calendar adjusted)

All production

-1.0

0.5

-1.0

Mining and quarrying

-2.3

-4.1

-14.8

Manufacturing

-2.0

0.8

-2.8

Manufacture of food products

5.9

-0.6

3.5

Manufacture of textiles

6.4

4.5

11.7

Manufacture of wearing apparel

8.5

-11.5

-0.3

Manufacture of wood and cork articles, except furniture

-0.6

0.0

-1.4

Manufacture of chemicals and chemical products

-19.5

-2.8

-29.8

Manufacture of basic pharmaceutical products and pharmaceutical preparations

-16.2

11.3

2.5

Manufacture of other non-metallic mineral products

3.2

-7.4

-1.4

Manufacture of basic metals

-28.8

-24.1

-51.9

Manufacture of fabricated metal products, except machinery and equipment

-2.3

-4.9

-0.8

Manufacture of computer, electronic and optical products

9.9

10.2

20.9

Manufacture of electrical equipment

17.1

20.7

29.9

Manufacturing of machinery and equipment

-1.1

0.7

2.7

Manufacture of motor vehicles, trailers and semi-trailers

-5.4

4.2

-4.0

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

-36.4

112.1

-17.4

Manufacture of furniture

13.1

4.8

16.3

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)

-36.1

0.9

-31.5

Electricity and gas supply

0.5

-0.4

6.6

In April 2013 industrial production output [1] (at current prices) comprised LVL 436.5 million.

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

 

More information:
Industrial Statistics Section
Ramona Skakunova
Tel. 67366953

 


[1] Data are compiled on economically active enterprises employing 20 and more persons in industrial production or industrial turnover in 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.