Industrial production in July grew by 1.8%

03.09.2013

Latest data compiled by the Central Statistical Bureau of Latvia show that, in comparison with June, industrial production volume in July increased by 1.8%,  according to seasonally adjusted data at constant prices. Of which in mining and quarrying – by 6.2%, in manufacturing – by 2%, but in electricity and gas supply there was a decrease of 1.1%.

Industrial production volume index
(2010=100)

Compared to June, the most notable industrial production increase was observed inmanufacture of other transport equipment (building of ships and boats, manufacture of railway locomotives and rolling stock) – by 32.5%, in manufacture of computer, electronic and optical products – by 32.1%, and in manufacture of electrical equipment – by 17.8%.In its turn, the most notable fall in production was recorded in manufacture of basic metals – by 10%, in printing and reproduction of recorded media – by 8.8%, in manufacture of fabricated metal products, except machinery and equipment – by 7.7%.

Compared to July 2012, industrial production output in July of this year (according to calendar adjusted data at constant prices) has risen by 2.1%. Of which in mining and quarrying – by 12.2%, and in manufacturing – by 4.2%, while in electricity and gas supply there was a decrease of 9.1%.The most notable industrial production increase was recorded in manufacture of other transport equipment– 3.6 times, in manufacture of computer, electronic and optical products – of 61% and in manufacture of machinery and equipment – of 18.3%. As compared to July of the previous year, production growth was recorded also in sectors having the largest share: metalworking – of 5%, manufacture of food products - of 1.9%, and in wood processing – of 1.8%.

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

 

 January-July 2013

compared to

 

January-July 2012

 (calendar adjusted)

 July 2013

compared to

June 2013

(seasonally adjusted)

July 2012    

(calendar adjusted)

All production

-0.2

1.8

2.1

Mining and quarrying

3.7

6.2

12.2

Manufacturing

-0.3

2.0

4.2

Manufacture of food products

5.3

-1.3

1.9

Manufacture of textiles

1.7

1.6

-9.4

Manufacture of wearing apparel

5.3

-5.3

0.1

Manufacture of wood and cork articles, except furniture

0.0

-2.2

1.8

Printing and reproduction of recorded media

4.4

-8.8

-8.3

Manufacture of chemicals and chemical products

-19.0

3.0

-18.6

Manufacture of basic pharmaceutical products and pharmaceutical preparations

-14.3

0.1

-21.2

Manufacture of other non-metallic mineral products

6.5

2.2

11.1

Manufacture of basic metals

-48.1

-10.0

-72.0

Manufacture of fabricated metal products, except machinery and equipment

1.2

-7.7

5.0

Manufacture of computer, electronic and optical products

14.6

32.1

61.0

Manufacture of electrical equipment

11.4

17.8

11.7

Manufacturing of machinery and equipment

2.0

12.2

18.3

Manufacture of motor vehicles, trailers and semi-trailers

0.2

2.1

12.5

Manufacture of other transport equipment (building of ships and boats, manufacture of railway locomotives and rolling stock)

33.7

32.5

356.1

Manufacture of furniture

12.9

-4.1

7.4

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)

-25.0

2.5

-5.9

Electricity and gas supply

-0.7

-1.1

-9.1

In July 2013, industrial production output[1] (at current prices) comprised LVL 434.1 million.

More information on seasonally adjusted, calendar adjusted and non-adjusted industrial production volume indices is available in the CSB data base.

More information:
Industrial Statistics Section
Ramona Skakunova, phone: +371 67366953



[1]Data are compiled on economically active enterprises employing 20 and more persons in industrial production or industrial turnover in which previous year exceeded LVL 300 thousand.

Industrial production volume, in compliance with the Statistical Classification of Economic Activities NACE Rev. 2, includes mining and quarrying, manufacturing, and electricity, gas, steam and air conditioning supply, except steam and air conditioning supply.