Industrial production drops by 0.2% in August

06.10.2014

Latest data compiled by the Central Statistical Bureau show that, compared to July industrial production volume in August (according to seasonally adjusted data at constant prices) declined by 0.2%; of which in mining and quarrying - a drop of 1.1%, in manufacturing - a growth of 0.1%, whereas in electricity and gas supply industrial production remained at the level of previous month.

Volume index of manufacturing

(2010=100)

Data source: Central Statistical Bureau of Latvia

Compared to August 2013 industrial production output in August 2014 (according to calendar adjusted data at constant prices) declined by 0.4%, of which in mining and quarrying – by 5.3%, and in manufacturing – by 0.9%. In electricity and gas supply there was an increase of 3.8%.

Production drop in August was recorded in manufacture of machinery and equipment – of 24.9%, in manufacture of wearing apparel – of 15.8%, in manufacture of electrical equipment – of 15.5%, in manufacture of beverages - of 14.5%, and in manufacture of food products – of 2%. In turn, production increase was observed  in manufacture of computer, electronic and optical products – of 70.2%, in manufacture of motor vehicles, trailers and semi-trailers - of 15.1%, in manufacture of furniture - of 9.4%, in manufacture of wood and cork articles – of 6.1%, and in manufacture of fabricated metal products, except machinery and equipment - of 5.9%.

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

 

January - August 2014

compared to

January – August

2013

 (calendar adjusted)

August 2014

compared to

July 2014

(seasonally adjusted)

August 2013
(calendar adjusted)

All production

-1.3

-0.2

-0.4

Mining and quarrying

3.8

-1.1

-5.3

Manufacturing

0.3

0.1

-0.9

Manufacture of food products

4.5

-1.3

-2.0

Manufacture of textiles

-5.2

-0.6

-6.1

Manufacture of wearing apparel

-16.9

9.6

-15.8

Manufacture of wood and cork articles, except furniture

8.2

-1.2

6.1

Manufacture of chemicals and chemical products

18.8

-4.3

4.6

Manufacture of other non-metallic mineral products

3.6

-3.5

-5.1

Manufacture of fabricated metal products, except machinery and equipment

2.1

-0.7

5.9

Manufacture of computer, electronic and optical products

60.0

2.7

70.2

Manufacture of electrical equipment

4.1

-14.0

-15.5

Manufacture of machinery and equipment

-3.5

-2.9

-24.9

Manufacture of motor vehicles, trailers and semi-trailers

7.5

-3.3

15.1

Manufacture of furniture

9.8

-0.1

9.4

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)

-21.4

12.1

-1.6

Electricity and gas supply

-8.7

0.0

3.8


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 databases.

 

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