In June, industrial production output grew by 7.8 %

03.08.2017

Data compiled by the Central Statistical Bureau (CSB) show that, compared to June 2016, in June 2017 industrial production output1 increased by 7.8 % (according to calendar adjusted data at constant prices). The changes were influenced by the rise in manufacturing and mining and quarrying of 10.1 % and 13.5 %, respectively, as well by 2.2 % decline in electricity and gas supply.

Compared to the corresponding month of the previous year, the most notable output increase was recorded in high- and medium-high-tech industries: manufacture of machinery and equipment (of 43.7 %), manufacture of motor vehicles, trailers and semi-trailers (41.3 %), manufacture of chemicals and chemical products (39.2 %), manufacture of electrical equipment (23.6 %), and manufacture of computer, electronic and optical products (20.9 %). Significant industrial output rise was observed also in manufacture of food products (of 10.1 %) and manufacture of fabricated metal products, except machinery and equipment (13.5 %). 

Reduction, in turn, was registered only in three manufacturing sectors: manufacture of wood and of products of wood (of 0.5 %), manufacture of textiles (2.9 %), and repair and installation of machinery and equipment (24.5 %).

Compared to May 2017, in June 2017 industrial production output dropped by 0.4 % (according to seasonally adjusted data at constant prices), of which by 3.3 % in mining and quarrying and by 4.2 % in electricity and gas supply, whereas in manufacturing there was an increase of 0.7 %.

Volume index of manufacturing (2010=100)

 

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

 

JanJun 2017

compared to

JanJun

2016

(calendar adjusted)

Q2 2017

compared to

June 2017

compared to

Q12017

(seasonally adjusted)

Q2 2016

 (calendar adjusted)

May 2017 (seasonally adjusted)

June 2016

(calendar adjusted)

Total production

9.0

2.6

9.2

-0.4

7.8

Mining and quarrying

16.5

2.0

18.7

-3.3

13.5

Manufacturing

7.9

3.8

8.8

0.7

10.1

Manufacture of food products

3.9

5.1

8.0

1.8

10.1

Manufacture of beverages

13.2

0.2

15.1

2.5

11.6

Manufacture of textiles

0.9

-1.8

0.7

-5.0

-2.9

Manufacture of wearing apparel

12.6

-1.7

12.4

1.6

20.5

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

1.8

-1.4

1.8

-1.8

-0.5

Manufacture of chemicals and chemical products

18.0

8.6

24.5

9.5

39.2

Manufacture of other non-metallic mineral products

8.3

4.2

10.5

-2.7

9.9

Manufacture of fabricated metal products, except machinery and equipment

7.6

3.7

5.9

5.3

13.5

Manufacture of computer, electronic and optical products

27.8

8.4

25.4

0.3

20.9

Manufacture of electrical equipment

28.8

14.3

36.6

-6.4

23.6

Manufacture of machinery and equipment

18.0

10.1

24.0

8.8

43.7

Manufacture of motor vehicles, trailers and semi-trailers

17.7

-0.2

17.0

4.7

41.3

Manufacture of furniture

8.6

0.8

7.7

4.2

13.2

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)

-7.9

0.2

-16.7

11.6

-24.5

Electricity and gas supply

12.6

-1.8

9.4

-4.2

-2.2

 

 

Manufacturing turnover2

Compared to June 2016, in June 2017 manufacturing turnover increased by 11.7 % (according to calendar adjusted data at current prices).Turnover on the domestic market grew by 7.5 % and in export by 16.6 % (rise of 21.1 % in euro area and of 13.2 % in non-euro area).

Compared to May 2017, in June 2017 manufacturing turnover declined by 0.2 % (according to seasonally adjusted data), of which turnover on the domestic market dropped by 1.1 % and in export there was an increase of 0.8 % (rise of 0.9 % in euro area and decrease of 2 % 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.

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.

 

 

 

Media requests:
Kalvis Pētersons
Information and Communication Section
E-mail: media [at] csb [dot] gov [dot] lv
Phone: +371 67366924, +371 27880666
www.csb.gov.lv
www.twitter.com/CSB_Latvia
www.facebook.com/csplatvija

 

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