Industrial production growth in May – 0.3%

04.07.2014

Latest data compiled by the Central Statistical Bureau of Latvia show that, compared to April industrial production volume in May 2014 (according to seasonally adjusted data at constant prices) rose by 0.3%. Volume of industrial production rose by 4.2% on electricity and gas supply, but there was a reduction in manufacturing – by 0.7% and in mining and quarrying – by 3.1%.

Volume index of manufacturing

(2010=100)

Data source: Central Statistical Bureau of Latvia

Compared to May 2013, volume of industrial production in May 2014 has reduced by 0.2%, according to calendar adjusted data at constant prices; the fall was due to the drop in electricity and gas supply (of 10.2%). But increase, in turn, was observed in mining and quarrying – of 13.0%, and in manufacturing – of 1.8%.

Growth in industrial production was recorded in manufacture of computer, electronic and optical products – of 80.4%, in manufacture of furniture – of 10.3% and in manufacture of of non-metallic mineral products – of 9.6%. A significant production volume growth was also recorded in manufacturing sectors having the largest share in industrial production:in manufacture of wood and of products of wood – of 8.5%, in manufacture of food products – of 3.6%, and in manufacture of fabricated metal products, except machinery and equipment – of 2.6%.

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

 

January - May 2014

compared to

January - May 2013

 (calendar adjusted)

May 2014

compared to

April 2014

(seasonally adjusted)

May 2013    

(calendar adjusted)

All production

-1.4

0.3

-0.2

Mining and quarrying

13.6

-3.1

13.0

Manufacturing

1.8

-0.7

1.8

Manufacture of food products

6.6

-1.4

3.6

Manufacture of textiles

-3.7

9.1

-5.0

Manufacture of wearing apparel

-15.5

-3.6

-16.4

Manufacturing of wood and cork articles, except furniture

7.3

1.1

8.5

Manufacture of chemicals and chemical products

10.8

-2.6

-3.3

Manufacture of other non-metallic mineral products

9.4

-1.7

9.6

Manufacturing of fabricated metal products, except machinery and equipment

2.6

-4.4

2.6

Manufacture of computer, electronic and optical products

56.9

3.6

80.4

Manufacture of electrical equipment

9.4

-10.0

-0.2

Manufacturing of machinery, mechanisms, and equipment

5.6

-10.0

-12.1

Manufacture of motor vehicles, trailers and semi-trailers

5.8

-6.7

-8.7

Manufacture of furniture

10.2

1.5

10.3

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)

-19.7

-13.6

-29.6

Electricity and gas supply

-12.4

4.2

-10.2

More information on seasonally adjusted, calendar adjusted and non-adjusted industrial production volume indices and weights structure used in the calculations is available in theCSB databases

 

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