In January, industrial production grew by 4.7 %

06.03.2017

Latest data compiled by the Central Statistical Bureau (CSB) show that, compared to January 2016, in January 2017 industrial production output1 rose by 4.7 % (according to calendar adjusted data at constant prices). Increase was recorded in manufacturing and mining and quarrying (of 7.8 % and 18.8 %, respectively), whereas in electricity and gas supply there was a decline of 0.4 % (production of electricity grew, whereas gas consumption declined).

Compared to the corresponding month of the previous year, the industrial production output grew in all proportionally largest sectors – manufacture of fabricated metal products (by 16.9 %), manufacture of wood and of products of wood (by 11.5 %), and manufacture of food products (by 1.1 %). Significant industrial production output rise was observed in manufacture of machinery and equipment (of 35.4 %), manufacture of beverages (of 25.8 %), manufacture of electrical equipment (of 20.3 %), and manufacture of basic pharmaceutical products and pharmaceutical preparations.

Compared to December 2016, industrial production output in January 2017 decreased by 2.8 % (according to seasonally adjusted data at constant prices), of which in manufacturing by 2.8 % and in electricity and gas supply by 3.5%, whereas in mining and quarrying there was a rise of 2.9 %.

Volume index of manufacturing (2010=100)

Changes in industrial production output, %
(at constant prices)

 

January 2017,

compared to

December 2016 (seasonally adjusted)

January 2016 (calendar adjusted)

Total production

-2.8

4.7

Mining and quarrying

2.9

18.8

Manufacturing

-2.8

7.8

Manufacture of food products

-1.2

1.1

Manufacture of beverages

6.9

25.8

Manufacture of textiles

17.0

-2.8

Manufacture of wearing apparel

0.1

-6.9

Manufacture of wood and cork articles, except furniture

0.7

11.5

Manufacture of chemicals and chemical products

-3.4

6.0

Manufacture of non-metallic mineral products

-0.7

4.1

Manufacture of fabricated metal products, except machinery and equipment

4.5

16.9

Manufacture of computer, electronic and optical products

-10.6

14.0

Manufacture of electrical equipment

-12.1

20.3

Manufacture of machinery and equipment

13.2

35.4

Manufacture of motor vehicles, trailers and semi-trailers

-7.4

10.7

Manufacture of furniture

-2.4

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)

-16.6

0.9

Electricity and gas supply

-3.5

-0.4

 

 

Manufacturing turnover2

Compared to January 2016, in January 2017 manufacturing turnover increased by 6.7 % (according to calendar adjusted data at current prices).The turnover on the domestic market rose by 3.3 % and in exports by 10.1 %.

Compared to December 2016, in January 2017 manufacturing turnover grew by 1.2 % (according to seasonally adjusted data). The turnover on the domestic market rose by 0.5 % and in exports by 2.1 %.

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

1 The 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 The 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:
Sanda Rieksta
Information and Communication Section
E-mail: media [at] csb [dot] gov [dot] lv
Phone: +371 67366621, +371 27880666
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More information on data:
Irēna Bekmane
Industrial and Construction Statistics Section
E-mail: Irena [dot] Bekmane [at] csb [dot] gov [dot] lv
Phone: +371 67366830
www.twitter.com/CSP_Latvija
www.facebook.com/csplatvija