Industrial production drops by 3.1% in January
Latest data compiled by the Central Statistical Bureau show that, compared to December 2014 industrial production volume in January 2015 (according to seasonally adjusted data at constant prices) declined by 3.1%. It was affected by a decrease of 18.4% in electricity and gas supply. Production output of manufacturing, compared to the previous month, reduced slightly – by 0.2%, but in mining and quarrying it rose by 8.8%.
|Volume index of manufacturing|
Data source: Central Statistical Bureau of Latvia
Compared to January 2014, industrial production output decreased by 3.5%, according to calendar adjusted data at constant prices. Production drop was observed in electricity and gas supply of 19%, while in manufacturing and in mining and quarrying there was an increase of 2% and 15.4%, respectively.
Volume of production rose in manufacture of furniture by 12.4%, in manufacture of wood and of products of wood - of 9.8%, in printing and reproduction of recorded media - of 6.3%, and in manufacture of beverages – of 6.2%. Growth was also recorded in manufacture of computer, electronic and optical products – 2.4 times, compared to the corresponding month of the previous year.
But production drop was recorded in manufacture of textiles – of 26.3%, in manufacture of electrical equipment – of 12.9%, in manufacture of chemicals and chemical products – of 7.6%, and in manufacture of food products – of 3.8%.
Changes in volume of industrial production, %
(at constant prices)
Mining and quarrying
Manufacture of food products
Manufacture of textiles
Manufacture of wearing apparel
Manufacturing of wood and cork articles, except furniture
Manufacture of chemicals and chemical products
Manufacture of other non-metallic mineral products
Manufacturing of fabricated metal products, except machinery and equipment
Manufacture of computer, electronic and optical products
Manufacture of electrical equipment
Manufacturing of machinery and equipment
Manufacture of motor vehicles, trailers and semi-trailers
Manufacture of furniture
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)
Electricity and gas supply
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 database section “Industry”.
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