Data of the Central Statistical Bureau show that, compared to 2011, volume of industrial production (at constant prices) in 2012 increased by 6.2%. Of which in manufacturing by 9.3%, in mining and quarrying – by 0.3%, while in electricity and gas supply there was a decrease of 2.8%.
Industrial production volume index
In 2012, Latvian industrial production volume exceeded the pre-crisis level, and, in comparison with the year before, rise was recorded in all manufacturing sectors. The highest growth 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 39.5%, in manufacture of basic metals – of 33.6%, and in manufacture of electrical equipment – of 23.8%. Notable increase was recorded also in sectors having the highest share in manufacturing (48% of total manufacturing volume), i.e., manufacture of food products - of 1.7%, wood-processing - of 5.4%, and manufacture of fabricated metal products – of 8.1%.
Compared to the 3rd quarter of 2012, industrial production output in the 4th quarter of 2012, according to seasonally adjusted data at constant prices, increased by 0.3%, of which in manufacturing by 1.8%, while in mining and quarrying and in electricity and gas supply there was a reduction of 7% and 0.5%, respectively.
Compared to the corresponding quarter of the year before, industrial production output in the 4th quarter of 2012, according to calendar adjusted data at constant prices, increased by 5.8%, of which in manufacturing by 7.6% and by 1.6% in electricity and gas supply, while in mining and quarrying there was a drop of 9.5%.
In comparison with November 2012, volume of industrial production in December 2012, according to seasonally adjusted data at constant prices, increased by 2.7%, of which in manufacturing – by 0.8%, in electricity and gas supply – by 7.2%, whereas in mining and quarrying there was a reduction of 12.2%.
In comparison with December 2011, industrial production output in December 2012, according to calendar adjusted data at constant prices, increased by 10.7%, of which in manufacturing – by 10.4%, and in electricity and gas supply – by 12.2%, while in mining and quarrying there was a reduction of 15.4%.
Changes in volume of industrial production
(at constant prices)
4th qtr 2012
3rd qtr 2012
4th qtr 2011 (calendar adjusted)
Mining and quarrying
Manufacture of food products
Manufacture of textiles
Manufacture of wearing apparel
Manufacture of wood and cork articles, except furniture
Manufacture of chemicals and chemical products
Manufacture of basic pharmaceutical products and pharmaceutical preparations
Manufacture of other non-metallic mineral products
Manufacture of basic metals
Manufacture of fabricated metal products, except machinery and equipment
Manufacture of computer, electronic and optical products
Manufacture of electrical equipment
Manufacture of motor vehicles, trailers and semi-trailers
Manufacture of other transport equipment (building of ships and boats, manufacture of railway locomotives and rolling stock)
Manufacture of furniture
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)
Electricity and gas supply
In 2012, industrial production output (at current prices) comprised LVL 5294.5 million, in the 4th quarter - LVL 1347.1 million and in December - LVL 412.5 million.
More information on seasonally adjusted, calendar adjusted and non-adjusted industrial production volume indices is available in the CSB data base.
Prepared by the Industrial Statistics Section
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.
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.
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