Industrial production decreases by 0.4% in October

04.12.2015

Data compiled by the Central Statistical Bureau show that, compared to September industrial production volume in October 2015 (according to seasonally adjusted data at constant prices) decreased by 0.4%. It was affected by decrease of 0.7% in manufacturing; in turn, growth of 2.6% was recorded in mining and quarrying, and of 2% in electricity and gas supply.

Volume index of manufacturing

(2010=100)

Data source: Central Statistical Bureau of Latvia

Compared to October 2014 industrial production volume (according to calendar adjusted data at constant prices) grew by 1.7%; of which in mining and quarrying – by 6.1%, and in electricity and gas supply– by 8.1%; in manufacturing it stayed at the level of the previous year.

The most notable growth in October, as compared to the corresponding period of the previous year was recorded in manufacture of computer, electronic and optical products – of 18.1%, in manufacture of machinery and equipment – of 10.1%, and in manufacture of wood and of products of wood – of 6.2%.

In turn, the most rapid drop in production volume as compared to October 2014 was observed in manufacture of beverages - of 22%, in manufacture of wearing apparel - of 21.4%, in manufacture of motor vehicles, trailers and semi-trailers - of 16.3%, in manufacture of other non-metallic mineral products - of 13.6%, as well as in manufacture of food products - of 8.9%.

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

 

January - October 2015

compared to

January – October

2014

 (calendar adjusted)

October 2015

compared to

September 2015

(seasonally adjusted)

October    

2014 (calendar adjusted)

Total production

3.4

-0.4

1.7

Mining and quarrying

8.2

2.6

6.1

Manufacturing

4.1

-0.7

0.0

Manufacture of food products

-5.2

-1.7

-8.9

Manufacture of textiles

-7.2

1.2

1.4

Manufacture of wearing apparel

-17.4

0.1

-21.4

Manufacture of wood and cork articles, except furniture

6.3

-0.6

6.2

Manufacture of chemicals and chemical products

2.6

2.0

4.8

Manufacture of non-metallic mineral products

-8.8

-2.3

-13.6

Manufacture of fabricated metal products, except machinery and equipment

-3.9

5.0

-0.6

Manufacture of computer, electronic and optical products

40.0

-15.9

18.1

Manufacture of electrical equipment

-4.8

6.1

-8.8

Manufacture of machinery and equipment

10.1

12.5

10.1

Manufacture of motor vehicles, trailers and semi-trailers

-0.2

4.7

-16.3

Manufacture of furniture

13.5

-5.0

1.2

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)

-1.6

-5.4

2.4

Electricity and gas supply

-1.4

2.0

8.1

More information on seasonally adjusted, calendar adjusted and non-adjusted industrial production volume indices and weights structure used for the calculations, as well as data revision conditons are available in the CSB database section Industry.

 

Media requests:

Beate Danusēviča, Kristīne Romanovska
Information and Communication Section
media [at] csb [dot] gov [dot] lv
Tel.: +371 67366924, +371 67366621, +371 27880666
@CSB_Latvia 
 /csplatvija

 

More information about data:

Industrial and Construction Statistics Section
Irēna Bekmane
Irena [dot] bekmane [at] csb [dot] gov [dot] lv
Tel. +371 67366830