Industrial production grew by 0.6% in October

04.12.2014

Latest data compiled by the Central Statistical Bureau show that compared to September industrial production volume in October (according to seasonally adjusted data at constant prices) increased by 0.6%. Of which industrial production in manufacturing grew by 0.3%, and in electricity and gas supply - by 3.5%. In turn, a drop of 5.2% was registered in mining and quarrying.

Volume index in manufacturing

(2010=100)

Data source: Central Statistical Bureau of Latvia

Compared to October 2013, industrial production in October this year (according to calendar adjusted data at constant prices) grew by 1.6%; of which in manufacturing – by 1.5%, in electricity and gas supply – by 2.6%, whereas in mining and quarrying there was a decline of 1.1%.

The most notable growth in industrial production was recorded in manufacture of computer, electronic and optical products – of 35.1%, in manufacture of machinery and equipment  – of 22%, and in manufacture of electrical equipment – of 15%. Significant production increase was also observed in manufacture of wood and of products of wood - of 8.9%, and in manufacture of fabricated metal products, except machinery and equipment - of 7.3%.

In turn, the most notable drop of industrial production volume was observed 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 30%, in manufacture of chemicals and chemical products - of 8.1%, and in manufacture of food products – of 0.1%

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

 

January - October 2014

compared to

January – October

2013

 (calendar adjusted)

October 2014

compared to

September

2014

(seasonally adjusted)

October 2013    

(calendar adjusted)

All production

-0.7

0.6

1.6

Mining and quarrying

3.6

-5.2

-1.1

Manufacturing

0.6

0.3

1.5

Manufacture of food products

3.3

0.6

-0.1

Manufacture of textiles

-6.2

2.9

-7.9

Manufacture of wearing apparel

-15.7

4.0

-5.7

Manufacturing of wood and cork articles, except furniture

8.2

-0.7

8.9

Manufacture of chemicals and chemical products

12.2

-1.8

-8.1

Manufacture of other non-metallic mineral products

1.7

5.4

-1.2

Manufacture of fabricated metal products, except machinery and equipment

3.7

-5.4

7.3

Manufacture of computer, electronic and optical products

58.5

-5.7

35.1

Manufacture of electrical equipment

6.3

2.7

15.0

Manufacture of machinery and equipment

1.1

6.7

22.0

Manufacture of motor vehicles, trailers and semi-trailers

8.1

-4.5

2.8

Manufacture of furniture

10.2

6.1

13.5

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)

-23.6

3.2

-30.0

Electricity and gas supply

-6.9

3.5

2.6

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