Industrial production output in 2012

04.02.2013

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
(2005=100)

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)

 

January-December 2012

compared to

January-December 2011

 (calendar adjusted)

 4th qtr 2012

compared to

December 2012

compared to

3rd qtr 2012
(seasonally adjusted)

4th qtr 2011 (calendar adjusted)

 November 2012

(seasonally adjusted)

December  2011    

(calendar adjusted)

All production

6.2

0.3

5.8

2.7

10.7

Mining and quarrying

0.3

-7.0

-9.5

-12.2

-15.4

Manufacturing

9.3

1.8

7.6

0.8

10.4

Manufacture of food products

1.7

0.5

3.4

1.7

3.3

Manufacture of textiles

7.2

-1.5

7.2

8.3

31.0

Manufacture of wearing apparel

1.2

3.2

17.8

1.2

31.6

Manufacture of wood and cork articles, except furniture

5.4

3.2

1.8

-0.3

2.3

Manufacture of chemicals and chemical products

17.4

17.6

5.5

8.6

19.8

Manufacture of basic pharmaceutical products and pharmaceutical preparations

0.4

17.0

19.7

0.2

36.6

Manufacture of other non-metallic mineral products

9.2

1.0

4.5

2.4

10.3

Manufacture of basic metals

33.6

-6.7

32.6

-14.2

10.2

Manufacture of fabricated metal products, except machinery and equipment

8.1

2.3

-0.9

-8.8

0.8

Manufacture of computer, electronic and optical products

16.7

-10.2

10.9

11.5

2.3

Manufacture of electrical equipment

23.8

-0.3

14.9

-3.7

9.5

Manufacture of motor vehicles, trailers and semi-trailers

16.6

-7.9

-1.6

0.6

-4.8

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

12.4

-2.1

48.4

2.6

37.5

Manufacture of furniture

6.0

1.4

10.1

1.2

8.7

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)

39.5

-2.6

12.3

-1.2

22.0

Electricity and gas supply

-2.8

-0.5

1.6

7.2

12.2

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
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.
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.