Industrial production in September grew by 1.3%
Latest data compiled by the Central Statistical Bureau of Latvia show that, in comparison with August, industrial production volume in September of 2014 increased by 1.3%, according to seasonally adjusted data at constant prices. Of which in manufacturing there was a rise of 1.9%, in mining and quarrying – of 7.2%, but in electricity and gas supply there was a reduction of 2.8%.
Volume index of manufacturing
Data source: Central Statistical Bureau of Latvia
In September of this year, compared to September of 2013, industrial production output (according to calendar adjusted data at constant prices) has increased by 1.3%, of which in manufacturing – by 1.7% and in mining and quarrying – by 5.2%, but in electricity and gas supply there was drop of 2.2%.
The most notable growth in industrial production was recorded in manufacture of computer, electronic and optical products – of 79.6%, in manufacture of machinery and equipment – of 18.7%, and in manufacture of electrical equipment – of 12.7%. Significant increase of production output was also recorded in major sector of manufacturing – in wood processing – by 7.7%.
Compared to the second quarter, industrial production output in the third quarter of this year, according to seasonally adjusted data at constant prices, increased by 1%, of which in manufacturing by 0.9% and by 3.9% in electricity and gas supply, while in mining and quarrying there was a drop of 0.6%.
Compared to the third quarter of the last year, industrial production output decreased by 0.2%, according to calendar adjusted data at constant prices. Reduction in mining and quarrying comprised 2.1% and in manufacturing – 0.6%. But in electricity and gas supply there was a increase of 1.9%.
Compared to the corresponding period of the previous year, industrial production output in the nine months of 2014, according to calendar adjusted data, diminished by 1%; the drop was mainly due to the reduction of production in electricity and gas supply of 8.1%, while in manufacturing and mining and quarrying there was a rise of 0.5% and 4.1%, respectively. Most rapid production volume increase was recorded in manufacture of computer, electronic and optical products – of 62.6% and in manufacture of chemicals and chemical products – of 17.4%.In nine months of the year production volume also rose by share in largest sectors of manufacturing:in wood processing – of 8.1%, in manufacture of food products – of 3.8%, and in manufacture of fabricated metal products, except machinery and equipment – of 3.2%.
Changes in volume of industrial production
(as %, at constant prices)
3rd qtr of 2014
2nd qtr of 2014
3rd qtr of 2013
August 2014 (seasonally adjusted)
Mining and quarrying
Manufacture of food products
Manufacture of textiles
Manufacture of wearing apparel
Manufacturing of wood and cork articles, except furniture
Manufacture of chemicals and chemical products
Manufacture of other non-metallic mineral products
Manufacturing of basic metals
Manufacturing 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 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
More information on seasonally adjusted, calendar adjusted and non-adjusted industrial production volume indices is available in the CSB databases.
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