Industrial production witnessed 10.9% growth in March

05.05.2015

Latest data compiled by the Central Statistical Bureau show that compared to February industrial production volume in March (according to seasonally adjusted data at constant prices) increased by 10.9%. Production growth of 7.1% in manufacturing sector was mostly promoted by growth in manufacture of basic metals (JSC "KVV Liepājas metalurgs" started production). Increase of 14.9% in electricity and gas supply was promoted by production growth in water-power plants. In turn, mining and quarrying witnessed a decline of 2.6%.

Volume index of manufacturing
(2010=100)

Data source: Central Statistical Bureau of Latvia

Compared to March 2014 industrial production volume in March 2015 (according to calendar adjusted data at constant prices) grew by 8.7%, of which in mining and quarrying – by 7.4%, in manufacturing – by 7.6%, and in electricity and gas supply - by 12.3%.

In March growth in industrial production was recorded in manufacture of basic metals, in manufacture of computer, electronic and optical products – of 40%, in manufacture of furniture – of 8.8% and in manufacture of wood and of articles of wood - of 7.7%.

Compared to the 4th quarter of 2014 industrial production output in the 1st quarter of 2015 increased by 0.9%, according to seasonally adjusted data at constant prices. Of which in manufacturing there was an increase of 2.9%, and in mining and quarrying – of 8.2%. Electricity and gas supply witnessed a drop of 10.9%.

Compared to the corresponding quarter of the previous year, in the 1st quarter of 2015 industrial production output grew by 1.6%, according to calendar adjusted data at constant prices. Of which in manufacturing there was an increase of 4.2%, and in mining and quarrying – of 10.4%. Electricity and gas supply witnessed a drop of 7.7%.

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

 

1st qtr of 2015

compared to

March 2015

compared to

4th quarter of

2014

 (seasonally adjusted)

1st quarter of

2014

(calendar adjusted)

February 2015

(seasonally adjusted)

March 2014    

(calendar adjusted)

All production

0.9

1.6

10.9

8.7

Mining and quarrying

8.2

10.4

-2.6

7.4

Manufacturing

2.9

4.2

7.1

7.6

Manufacture of food products

-1.0

-5.1

4.1

-1.1

Manufacture of textiles

-10.6

-21.8

4.9

-17.6

Manufacture of wearing apparel

-6.7

-17.4

4.9

-20.5

Manufacture of wood and cork articles, except furniture

3.1

8.7

-0.1

7.7

Manufacture of chemicals and chemical products

-2.2

-5.9

-2.8

-11.4

Manufacture of other non-metallic mineral products

-4.0

-6.0

-10.1

-17.1

Manufacture of fabricated metal products, except machinery and equipment

2.6

1.5

-0.4

-0.8

Manufacture of computer, electronic and optical products

17.2

79.0

-6.7

40.0

Manufacture of electrical equipment

-14.4

-15.9

-6.1

-18.9

Manufacture of machinery and equipment

-7.0

1.3

21.7

7.4

Manufacture of motor vehicles, trailers and semi-trailers

3.5

1.6

0.0

4.1

Manufacture of furniture

6.0

12.8

-1.7

8.8

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)

11.7

-4.5

-13.9

-22.4

Electricity and gas supply

-10.9

-7.7

14.9

12.3

More information on seasonally adjusted, calendar adjusted and non-adjusted industrial production volume indices and weights structure used for the calculations is available in the CSB database section Industry.

 

More information:
Industrial and Construction Statistics Section
Irēna Bekmane
Tel. +371 67366830