Industrial production output in August 2012

04.10.2012

In August 2012, industrial production output1 (at current prices) comprised LVL 462.9 million, according to the data of the Central Statistical Bureau of Latvia.

Industrial production volume index
(2005=100)

Seasonally adjusted data at constant prices show that, compared to July 2012, industrial production volume in August 2012 grew by 2%. Of which in mining and quarrying – by 5.6%, in manufacturing - by 1.9%, and in electricity and gas supply - by 0.5%. Rise in manufacturing was mainly influenced by sub-sectors dealing with wood-processing and manufacture and repair of machinery and equipment. Most notable increase in manufacturing was recorded inmanufacture of other transport equipment (building of ships and boats, manufacture of railway locomotives and rolling stock) - of 96.9%, in manufacture of machinery and equipment – of 17.6%, and in manufacture of wearing apparel - of 15.9%. Whereas reduction was observed in manufacture of basic pharmaceutical products and pharmaceutical preparations – of 29.5%, in manufacture of basic metals - of 7.1%, as well as in manufacture of fabricated metal products, except machinery and equipment – of 2.2%.

Calendar adjusted data at constant prices indicate that, compared to August of the previous year, industrial production output in August 2012 has increased by 8.1%. Of which in manufacturing – by 10.9%, while in mining and quarrying as well as in electricity and gas supply there was a decrease of 3.5% and 0.9%, respectively. Growth in manufacturing was mainly due to manufacture of basic metals, mechanical engineering and manufacture of other non-metallic mineral products. Most notable increase was recorded in manufacture of other transport equipment – 2.1 times, 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 51.2%, and in manufacture of motor vehicles, trailers and semi-trailers – 33.2%. While decrease was observed in manufacture of basic pharmaceutical products and pharmaceutical preparations – of 18.8%, in manufacture of fabricated metal products, except machinery and equipment - of 9.4%, as well as in manufacture textiles – of 8.6%.

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

 

January - August 2012

compared to

January – August 2011

 (calendar adjusted)

August 2012

compared to

July 2012

(seasonally adjusted)

August 2011

(calendar adjusted)

All production

6.6

2.0

8.1

Mining and quarrying

4.1

5.6

-3.5

Manufacturing

10.5

1.9

10.9

Manufacture of food products

0.9

0.9

3.3

Manufacture of textiles

6.4

-6.2

-8.6

Manufacture of wearing apparel

-5.7

15.9

10.3

Manufacture of wood and cork articles, except furniture

7.4

2.3

3.0

Manufacture of chemicals and chemical products

34.7

-1.3

31.4

Manufacture of basic pharmaceutical products and pharmaceutical preparations

-8.7

-29.5

-18.8

Manufacture of other non-metallic mineral products

8.9

6.7

21.2

Manufacture of basic metals

32.3

-7.1

23.4

Manufacture of fabricated metal products, except machinery and equipment

15.1

-2.2

-9.4

Manufacture of computer, electronic and optical products

18.2

8.5

32.1

Manufacture of electrical equipment

26.7

-1.6

23.6

Manufacturing of machinery and equipment

9.3

17.6

13.7

Manufacture of motor vehicles, trailers and semi-trailers

23.5

0.0

33.2

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

0.6

96.9

107.9

Manufacture of furniture

3.9

6.6

14.9

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)

53.9

9.3

51.2

Electricity and gas supply

-4.9

0.5

-0.9

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

                                             

Prepared by the Industrial Statistics Section
Ramona Skakunova
Tel. 67366953

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

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