In July, industrial production output grew by 8.8 %

04.09.2017

Data compiled by the Central Statistical Bureau (CSB) show that, compared to July 2016, in July 2017 industrial production output1 increased by 8.8 % (according to calendar adjusted data at constant prices).  The rise recorded in manufacturing constituted 8.2 %, in mining and quarrying – 28.6 % and in electricity and gas supply – 7.7 %.

Compared to the corresponding month of the previous year, industrial production output increase was observed in all manufacturing sectors having the largest share in the industrial production: manufacture of wood and of products of wood and cork (of 2.6 %), manufacture of food products (7.1 %), manufacture of fabricated metal products, except machinery and equipment (18 %), manufacture of non-metallic mineral products (14.1 %), and manufacture of computer, electronic and optical products (11.3 %). Stable increase still was recorded in manufacture of electrical equipment (of 18.3 %), in which output growth was observed already since the beginning of the year, and in manufacture of machinery and equipment (of 18.2 %).

Compared to June 2017, in July 2017 industrial production output went up by 0.1 % (according to seasonally adjusted data at constant prices), of which by 4 % in electricity and gas supply and by 4.3 % in mining and quarrying, whereas in manufacturing there was a decline of 1 %.

Volume index of manufacturing (2010 = 100)

 

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

 

JanuaryJuly 2017

compared to

JanuaryJuly2016

 (calendar adjusted)

July 2017

compared to

June 2017 (seasonally adjusted)

 

July 2016 (seasonally adjusted)

 

Total production

8.9

0.1

8.8

Mining and quarrying

18.5

4.3

28.6

Manufacturing

7.9

-1.0

8.2

Manufacture of food products

4.4

-1.2

7.1

Manufacture of beverages

10.7

-11.1

-0.4

Manufacture of textiles

1.1

6.4

2.3

Manufacture of wearing apparel

10.4

-4.3

-1.4

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

1.9

-0.4

2.6

Manufacture of chemicals and chemical products

16.2

-13.4

5.1

Manufacture of other non-metallic mineral products

9.4

3.7

14.1

Manufacture of fabricated metal products, except machinery and equipment

9.0

1.1

18.0

Manufacture of computer, electronic and optical products

24.6

-1.0

11.3

Manufacture of electrical equipment

27.2

-4.1

18.3

Manufacture of machinery and equipment

18.0

-5.2

18.2

Manufacture of motor vehicles, trailers and semi-trailers

17.0

-3.6

13.1

Manufacture of furniture

7.3

-9.4

-1.3

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)

-2.0

11.0

36.2

Electricity and gas supply

12.1

4.0

7.7

 

Manufacturing turnover2

Compared to July 2016, in July 2017 manufacturing turnover increased by 4.2 % (according to calendar adjusted data at current prices).Turnover on the domestic market grew by 10 %, while in export there was a decline of 1.9 % which was influenced by 15.7 % drop in non-euro area (rise in euro area constituted 19.1 %).

Compared to June 2017, in July 2017 manufacturing turnover decreased by 2.2 % (according to seasonally adjusted data). Turnover reduction recorded in export constituted 4.7 % (drop of 10.9 % in non-euro area and rise of 1.1 % in euro area), whereas turnover on the domestic market went up by 0.3 %.

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.

2The 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.

 

 

 

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