Industrial production output in August 2008

06.10.2008

In January – August 2008 industrial production output [1] (at current prices) comprised LVL 3195 mln, of which in August – LVL 391.1 mln, according to the data of Central Statistical Bureau.

Compared to July 2008 industrial production volume index at constant prices, excluding steam and water supply, in August 2008 decreased by 2%, according to seasonally adjusted data (seasonal and working day influence was taken into account). Of which in mining and quarrying – by 8.4%, in manufacturing – by 2.3%, but in electricity and gas supply – by 0.7%. Most notable industrial production decrease was recorded in manufacturing of electrical machinery and equipment – by 38.7%, in manufacturing of wearing apparel; processing and colouring of furs – by 18.3%, and in manufacturing of basic metals – by 14%.

Compared to August of previous year in August 2008 industrial production output, except steam and water supply, has reduced by 11.1%, according to working day adjusted data. Of which in mining and quarrying – by 5.8%, in manufacturing – by 12.7%, but in electricity and gas supply – by 5.2%. Industrial production output decrease was mainly influenced by the volume reduction in the manufacturing of furniture – by 30.7%, in manufacture of wood and of products of wood and cork – by 19.1%, and in manufacturing of food products and beverages – by 12.1%.

Volume index of manufacturing (2000=100)

Changes in volume indices of industrial production in August 2008 (at constant prices)

VIII 2008 as % of

VII 2008 (seasonally adjusted) [2]

VIII 2007 (working day adjusted)

Industry, except water and steam supply

-2.0

-11.1

Mining and quarrying

-8.4

-5.8

Manufacturing production

-2.3

-12.7

Manufacturing of food products and beverages

0.8

-12.1

   processing and preservation of meat and meat products

-2.7

-8.0

   processing and preserving of fish and fish products

13.0

-13.4

   manufacture of dairy products

-1.7

-17.6

   manufacture of grain mill products, starches and starch products

-7.2

-19.9

   manufacture of other food products (bread, confectionery, sugar)

1.3

-5.9

   manufacture of beverages

9.9

-18.8

Manufacturing of textiles

-5.9

-23.9

Manufacturing of wearing apparel; processing and colouring of furs

-18.3

-20.6

Manufacturing of wood and cork articles, except furniture

-0.7

-19.1

   sawmilling and planning of wood, impregnation of wood

-5.7

-31.0

Manufacture of pulp, paper and paper products

-8.5

-14.0

Publishing, printing and reproduction of recorded media

-4.7

-8.6

Manufacturing of chemicals, chemical products and man-made fibres

12.1

-5.6

Manufacturing of rubber and plastic products

-1.4

-14.6

Manufacture of other non-metallic mineral products

-12.1

-8.3

Manufacturing of basic metals

-14.0

-11.7

Manufacturing of fabricated metal products, except machinery and equipment

2.9

1.5

Manufacturing of machinery, mechanisms, and equipment

6.3

0.8

Manufacturing of electrical machinery and equipment

-38.7

-38.4

Manufacturing of other transport equipment (repairing and construction of ships and boats)

50.8

26.1

Manufacturing of furniture; manufacturing not classified otherwise

-1.5

-30.3

   manufacture of furniture

1.8

-30.7

Electricity and gas supply

-0.7

-5.2

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

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

Industrial production volume includes income from produced goods and sale of works (services) of industrial character excluding value added tax, final product stock and unfinished product stock changes at the end of the reference period in comparison with the beginning of the reference period, and value of equipment produced with the help of the enterprise labour force for own needs, as well as, capital repairs of the equipment.

[2] The influence of varying number of working days in the month and factors of seasonal repetition, i.e., seasonal fluctuations of goods produced in selected economic activities, has been eliminated.

Prepared by the Industrial Statistics Section
Tel. +371 67366953
Ramona Skakunova