In June 2016, industrial production output grew by 7.9 %

03.08.2016

Data compiled by the Central Statistical Bureau (CSB) show that, compared to June 2015,  in June 2016 industrial production output increased by 7.9 % (according to calendar adjusted data at constant prices). Production output in manufacturing rose by 8.2 %, in electricity and gas supply by 9.6 %, while in mining and quarrying there was a drop of 3.2 %.

The most notable increase was recorded in repair and installation of machinery and equipment (of 43.4 %), manufacture of computer, electronic and optical products  (16.8 %), manufacture of fabricated metal products, except machinery and equipment (of 15.5 %), and manufacture of wood and of products of wood (of 12 %).

Compared to May 2016, in June 2016 industrial production output rose by 0.7 % (according to seasonally adjusted data at constant prices), of which in manufacturing by 0.3 %, in electricity and gas supply by 3.8 %, and in mining and quarrying by 0.4 %.

Quarter-over-quarter change

Compared to the 2nd quarter of 2015, in the 2nd quarter of 2016 industrial production output increased by 4.4 % (according to calendar adjusted data at constant prices), of which in manufacturing by 4.6 %, in electricity and gas supply by 4.2 %, while in mining and quarrying there was a decline of 4.7 %.

Compared to the 1st quarter of 2016, in the 2nd quarter of 2016 industrial production output grew by 3.2 % (according to seasonally adjusted data at constant prices), of which in manufacturing by 3.8 %, in electricity and gas supply by 2 %, whereas in mining and quarrying there was a drop of 1.9 %.

Volume index of manufacturing (2010=100)

  

 

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

 

January–June 2016

compared to

2015

January–June

 (calendar adjusted)

2nd quarter of 2016

compared to

June 2016

compared to

1st quarter

of 2016

(seasonally adjusted)

2nd quarter

of 2015

 (calendar adjusted)

May 2016 (seasonally adjusted)

June 2015

(calendar adjusted)

Total industrial production

4.1

3.2

4.4

0.7

7.9

Mining and quarrying

-3.1

-1.9

-4.7

0.4

-3.2

Manufacturing

3.5

3.8

4.6

0.3

8.2

Manufacture of food products

-0.6

-1.0

-0.8

0.2

1.6

Manufacture of textiles

8.9

-2.4

5.0

3.0

6.9

Manufacture of wearing apparel

-4.5

-4.5

-5.0

-4.0

-9.1

Manufacture of wood and cork articles, except furniture

9.3

-1.7

8.3

5.5

12.0

Manufacture of chemicals and chemical products

-2.0

-0.4

-7.1

-5.6

2.8

Manufacture of non-metallic mineral products

7.5

-1.4

6.0

-1.6

8.6

Manufacture of fabricated metal products, except machinery and equipment

9.9

8.5

15.6

-4.0

15.5

Manufacture of computer, electronic and optical products

9.9

14.4

22.1

2.9

16.8

Manufacture of electrical equipment

-2.8

2.2

-6.6

14.5

3.4

Manufacture of motor vehicles, trailers and semi-trailers

-2.8

-6.9

-7.9

-14.1

-22.7

Manufacture of furniture

2.0

1.5

0.8

1.1

3.4

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)

-4.1

31.3

12.9

28.7

43.4

Electricity and gas supply

8.9

2.0

4.2

3.8

9.6

 

Manufacturing turnover

Compared to June 2015, in June 2016 manufacturing turnover at current prices decreased by 1.7 % (according to calendar adjusted data). In domestic market turnover fell by 2.2 % and in export by 1.1 % (of which in non-euro area by 4 %, while in euro area there was an increase of 2.9 %).

Compared to May, in June 2016 manufacturing turnover declined by 2.5 % (according to seasonally adjusted data). In domestic market turnover dropped by 2.6 % and in export by 2.4 % (of which in euro area by 2.1 % and in non-euro area by 4.1 %).

Compared to the 2th quarter of 2015, in the 2nd quarter of 2016 manufacturing turnover reduced by 1 % (according to calendar adjusted data). Compared to the 1st quarter of 2016, manufacturing turnover declined by 0.3 % (according to seasonally adjusted data).

Changes in turnover of selected manufacturing sectors
in the 1st half of 2016, as % of the corresponding period of 2015 (calendar adjusted data)


 

More information on seasonally adjusted, calendar adjusted and non-adjusted industrial production output and turnover indices is available in the CSB database section Industry.

Methodological explanations

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

Industrial turnover index measures monthly development of market demand for industrial goods and services. It is calculated at current prices, not 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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Beate Danusēviča, Sanda Rieksta
Information and Communication Section
E-mail: media [at] csb [dot] gov [dot] lv
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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