Industrial production output has reduced by 3.5%

06.03.2013

Data of the Central Statistical Bureau show that, in comparison with December 2012, industrial production in January 2013 has reduced by 3.5%, according to seasonally adjusted data at constant prices. Of which in manufacturing by 3.6%, in electricity and gas supply - by 0.9%, whereas in mining and quarrying there was an increase of 4.4%.

Industrial production volume index
(2010=100)

The most notable reduction in the industrial production output, as compared to December, was recorded 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 18.3%, in manufacture of basic pharmaceutical products and pharmaceutical preparations – of 17.1%, and in manufacture of chemicals and chemical products – of 7.8%. In its turn, output in the manufacture of food products rose by 2.8%, in manufacture of fabricated metal products, except machinery and equipment – by 9.6% and in manufacture of basic metals – by 6.1%.

Compared to January of the previous year, industrial production output in January 2013 increased by 1.9%, according to calendar adjusted data at constant prices. Rise in the industrial production output was observed in electricity and gas supply (of 6.7%), while in mining and quarrying there was a reduction of 1.2%; whereas, output in manufacturing remained at the level of the previous year.

 The highest rise among manufacturing sectors having the largest share in industrial production output was recorded in manufacture of food products – of 10.2%. Growth was observed also in manufacture of furniture and manufacture of electrical equipment - of 12.8% and 22.2%, respectively. Whereas reduction in the industrial production output was recorded in manufacture of wood and wood products – of 6%, in repair and installation of machinery and equipment – of 39.2%, inmanufacture of motor vehicles, trailers and semi-trailers – of 9.8%, and in pharmaceuticals sector and chemical industry  - of 9.3% and 6.7%, correspondingly.It mainly can be explained with the high base of the January of the previous year, especially in wood processing and repairs.

In January of this year, as compared to January of the year before, mechanical engineering and metal processing sectors have been the most successful. Out of six sectors growth in the production output was recorded in four, while reduction was observed in manufacture of motor vehicles, trailers and semi-trailers and manufacture of other transport equipment (building of ships and boats, manufacture of railway locomotives and rolling stock).

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

 

 January 2013

compared to

December 2012
(seasonally adjusted)

January 2012
(calendar adjusted)

All production

-3.5

1.9

Mining and quarrying

4.4

-1.2

Manufacturing

-3.6

0.0

Manufacture of food products

2.8

10.2

Manufacture of textiles

-1.7

5.7

Manufacture of wearing apparel

-0.8

7.9

Manufacture of wood and cork articles, except furniture

-3.2

-6.0

Manufacture of chemicals and chemical products

-7.8

-6.7

Manufacture of basic pharmaceutical products and pharmaceutical preparations

-17.1

-9.3

Manufacture of other non-metallic mineral products

-2.2

3.5

Manufacture of basic metals

6.1

4.1

Manufacture of fabricated metal products, except machinery and equipment

9.6

2.4

Manufacture of computer, electronic and optical products

2.1

8.0

Manufacture of electrical equipment

-1.8

22.2

Manufacture of motor vehicles, trailers and semi-trailers

-1.4

-9.8

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

2.2

-1.6

Manufacture of furniture

3.8

12.8

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)

-18.3

-39.2

Electricity and gas supply

-0.9

6.7

In January 2013 industrial production output1 (at current prices) comprised LVL 437.4 million.    

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

                                             

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.