In January, industrial output grew by 4.2 %

06.03.2018

Data compiled by the Central Statistical Bureau (CSB) show that,compared to January 2017, in January 2018 industrial production output1 increased by 4.2 % (according to calendar adjusted data at constant prices).  Production output rise was recorded in manufacturing (of 4.4 %), mining and quarrying (0.5 %), and electricity and gas supply (of 4.2 %).

Compared to the corresponding month of the previous year, significant output increase was observed in manufacture of motor vehicles, trailers and semi-trailers (of 36.2 %), manufacture of chemicals and chemical products (27.6 %), manufacture of fabricated metal products, except machinery and equipment (6.3 %), and manufacture of food products (3.1 %).

Output reduction, in turn, was registered in manufacture of wood and of products of wood and cork, except furniture (of 1 %), manufacture of beverages (11.6 %), manufacture of machinery and equipment (6.4 %), as well as manufacture of textiles (3.4 %) and manufacture of wearing apparel (2.7 %).

Compared to December 2017, in January 2018 industrial production output fell by 1.6 % (according to seasonally adjusted data at constant prices), of which by 2.3 % in manufacturing, by 5 % in mining and quarrying, whereas in electricity and gas supply there was a rise of 1.8 %.

Volume index of manufacturing2
(2015=100)

  

Changes in industrial production output
(as per cent, at constant prices)

 

January 2018, compared to

December 2017

(seasonally adjusted)

 

January 2017

(calendar adjusted)

 

Total production

-1.6

4.2

Mining and quarrying

-5.0

0.5

Manufacturing

-2.3

4.4

Manufacture of food products

0.0

3.1

Manufacture of beverages

-10.1

-11.6

Manufacture of textiles

-0.2

-3.4

Manufacture of wearing apparel

-7.7

-2.7

Manufacture of wood and of products of wood and cork, except furniture

1.5

-1.0

Manufacture of chemicals and chemical products

-2.5

27.6

Manufacture of other non-metallic mineral products

-4.1

14.5

Manufacture of fabricated metal products, except machinery and equipment

-0.7

6.3

Manufacture of computer, electronic and optical products

6.5

13.0

Manufacture of electrical equipment

-3.6

15.0

Manufacture of machinery and equipment

-19.4

-6.4

Manufacture of motor vehicles, trailers and semi-trailers

-2.9

36.2

Manufacture of furniture

6.4

10.3

Repair and installation of machinery and equipment*

-14.1

7.6

Electricity and gas supply

1.8

4.2

* Repair and maintenance of ships and boats, repair of fabricated metal products, machinery and equipment, installation of industrial machinery and equipment.
 
Manufacturing turnover3

Compared to January 2017, in January 2018 manufacturing turnover increased by 10.3 % (according to calendar adjusted data at current prices). Turnover on the domestic market went up by 13 % and in export by 9.1 % (of which by 11.7 % in euro area and by 7 % in non-euro area).

Compared to December 2017, in January 2018 manufacturing turnover grew by 2.7 % (according to seasonally adjusted data). Turnover on the domestic market rose by 1.3 % and in export by 3.5 % (of which drop of 1.4 % in euro area and increase of 7.9 % in non-euro area).

More information on seasonally adjusted, calendar adjusted and non-adjusted industrial production volume and turnover indices (including by sector) is available in the CSB database section Industry.

 

Methodological explanations

1The volume index of industrial production describes changes in the volume of industrial production during the reference period in comparison to the base period. The index is estimated by recalculating the production output indicator at constant prices with the help of producer price indices.

2 As of January 2018, base period of the volume index of manufacturing and manufacturing turnover index has been changed from the year 2010 to 2015.

3The industrial turnover index measures the monthly development of market demand for industrial goods and services. It is calculated at current prices without excluding price influence. Unlike industrial goods that also include unfinished goods and goods in stock, turnover only includes the goods sold and industrial services provided.

 

Media requests:
Communication Section
E-mail: media [at] csb [dot] gov [dot] lv
Phone: +371 67366924, +371 27880666

More information on data:
Madara Liepiņa
Industrial and Construction Statistics Section
E-mail: Madara [dot] Liepina [at] csb [dot] gov [dot] lv
Phone: +371 67366953