Industrial production output in January 2011

07.03.2011

In January 2011 industrial production output1 (at current prices) comprised LVL 342.2 million, according to the data of Central Statistical Bureau.

Industrial production volume index

(2005=100)

Compared to December 2010, industrial production volume in January 2011 has reduced by 2.4%, according to seasonally adjusted data at constant prices.Of which in manufacturing – by 3.9%, but in mining and quarrying there was an increase of 5.1%, and in electricity and gas supply - of 2.4%.

Compared to January of previous year, industrial production output in January 2011 has grown by 6.5%, according to calendar adjusted2 data.Of which in manufacturing – by 11.3%, but in mining and quarrying there was a decrease of 16.7%, and in electricity and gas supply - of 0.1%.

Most notable rise of manufacturing was recorded in the manufacture of motor vehicles, trailers and semi-trailers – 2.1 times, in manufacture of wearing apparel – growth of 44.6%, in manufacture of other transport equipment (building of ships and boats, manufacture of railway locomotives and rolling stock) – of 47.1%.But reduction, in turn, was observed in the manufacture of chemicals and chemical products – 40.1%, in manufacture of basic metals - 4.2%, in manufacture of beverages - 0.6%.

Changes in volume of industrial production in January 2011
(at constant prices)

 

I 2011 as % of

XII 2010

(seasonally adjusted)

I 2010

(calendar adjusted)

All production

-2.4

6.5

 Mining and quarrying

5.1

-16.7

 Manufacturing

-3.9

11.3

Manufacture of food products

0.7

1.4

Manufacture of beverages

-5.2

-0.6

Manufacture of textiles

-9.2

4.3

Manufacture of wearing apparel

5.4

44.6

 Manufacture of wood and cork articles, except furniture

5.0

16.0

Manufacture of chemicals and chemical products

-35.0

-40.1

Manufacture of basic pharmaceutical products and pharmaceutical preparations

7.1

32.2

Manufacture of rubber and plastic products

-13.3

8.3

Manufacture of other non-metallic mineral products

-9.3

36.2

Manufacture of basic metals

-8.9

-4.2

Manufacture of fabricated metal products, except machinery and equipment

1.2

26.2

Manufacture of computer, electronic and optical products

8.9

19.6

Manufacture of motor vehicles, trailers and semi-trailers

21.0

109.8

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

45.7

47.1

Manufacture of furniture

-6.4

4.7

 Electricity and gas supply

2.4

-0.1

 

Considering the rapid changes of economic processes during the last years and necessity for statistical indicators characterising the trends of these changes as objectively as possible, starting with the data on January 2011 industrial production index (IPI) calculation will be made according to the chain index method.

Methodology of the chain index calculation determines that monthly average production volume of the previous year is used as base, and weights are changed every year.Value added produced by the enterprises two years ago in breakdown by NACE sections, divisions, groups and classes is used as weights, i.e., in the calculation of IPI of 2011 the value added of 2009 is used.  Considering the changes, data series on previous years has been recalculated.
                                                                                                               

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
Tel. 67366953
Ramona Skakunova

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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 thousand.

   Industrial production volume in accordance with the Statistical Classification of Economic Activities NACE 2.rev. includes Mining and quarrying, Manufacturing and Electricity, gas, steam and air conditioning supply, except steam and air conditioning supply.

2The term “working day adjustment” is substituted with the term “calendar adjustment”.