Industrial production drop in June – 1.6%

03.08.2015

Latest data compiled by the Central Statistical Bureau show that, compared to May industrial production volume in June 2015 (according to seasonally adjusted data at constant prices) decreased by 1.6%. Of which in manufacturing - reduction of 2.2%, but in mining and quarrying – increase of 0.7% and in electricity and gas supply - rise of 2.3%.

Volume index of manufacturing

(2010=100)

Data source: Central Statistical Bureau of Latvia

Compared to June 2014 industrial production volume in June 2015 (according to calendar adjusted data at constant prices) grew by 4.2%, of which in mining and quarrying – by 15.6% and in manufacturing – by 4.4%, while electricity and gas supply witnessed a decrease of 0.3%.

Compared to the 1st quarter of 2015 industrial production output in the 2nd quarter of 2015 increased by 4.2%, according to seasonally adjusted data at constant prices. Of which in manufacturing - by 2.6%, in mining and quarrying – by 2.5%, and in electricity and gas supply - by 9.9%.

Compared to corresponding quarter of the previous year, in the 2nd quarter of 2015 industrial production output grew by 5.7%, according to calendar adjusted data at constant prices. Of which in manufacturing - by 6.2%, in mining and quarrying – by 12% and in electricity and gas supply - by 2%.

As compared to the corresponding period of the previous year,industrial production output (according to calendar adjusted data) in the 1st half of 2015 increased by 3.7%. Of which in manufacturing – by 5.3% and mining and quarrying – by 11.3%, but in electricity and gas supply there was a reduction of 4.3%. In the six months of the year the largest increase in manufacturing was in metalworking sector. Growth was also recorded in manufacture of computer, electronic and optical products – of 57.4%, in manufacture of furniture – of 14% and in manufacture of wood and of products of wood - of 6.6%. In turn production drop was observed in manufacture of wearing apparel - of 17.6%, in manufacture of textiles - of 15.1%, in manufacture of other non-metallic mineral products - of 8.1%, and in manufacture of food products - of 6%.

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

 

January – June 2015

compared to

January – June

2014

 (calendar adjusted)

2nd quarter of 2015

compared to

June 2015

compared to

1st quarter of

2015

 (seasonally adjusted)

2nd quarter of

2014

(calendar adjusted)

May 2015 (seasonally adjusted)

June 2014

(calendar adjusted)

Total production

3.7

4.2

5.7

-1.6

4.2

Mining and quarrying

11.3

2.5

12.0

0.7

15.6

Manufacturing

5.3

2.6

6.2

-2.2

4.4

Manufacture of food products

-6.0

-1.7

-6.7

-0.8

-6.8

Manufacture of textiles

-15.1

3.2

-8.2

1.4

-5.0

Manufacture of wearing apparel

-17.6

-5.1

-17.8

-5.0

-15.9

Manufacture of wood and cork articles, except furniture

6.6

-1.3

4.6

1.9

3.3

Manufacture of chemicals and chemical products

0.6

19.5

5.4

-44.4

-32.7

Manufacture of other non-metallic mineral products

-8.1

-3.3

-9.6

-6.8

-14.3

Manufacturing of fabricated metal products, except machinery and equipment

-1.4

-1.3

-3.9

-0.1

-3.1

Manufacture of computer, electronic and optical products

57.4

-5.2

40.0

14.4

37.9

Manufacture of electrical equipment

-4.6

15.8

4.7

6.4

20.3

Manufacture of motor vehicles, trailers and semi-trailers

4.9

4.2

7.8

9.6

9.1

Manufacture of furniture

14.0

4.0

15.2

0.7

14.3

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)

-2.3

-6.8

-0.5

12.8

6.4

Electricity and gas supply

-4.3

9.9

2.0

2.3

-0.3

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

 

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