In March, industrial production rose 10 %

08.05.2017

Latest data compiled by the Central Statistical Bureau (CSB) show that, compared to March 2016, in March 2017 industrial production output1 increased by 10 % (according to calendar adjusted data at constant prices).Industrial production output in manufacturing grew by 7.4 %, in mining and quarrying by 5.6 %, and in electricity and gas supply by 19.1 %.

Compared to the corresponding month of the previous year, significant industrial production output increase still was observed in manufacture of computer, electronic and optical products (of 38.8 %), manufacture of wearing apparel (of 28 %), manufacture of motor vehicles, trailers and semi-trailers (of 27.6 %) and manufacture of electrical equipment (of 25.6 %). Rise in the industrial production output was notably affected by the rise in the demand for manufacturing sector products in external markets.

Industrial production output decline, in its turn, was recorded in the sectors having the largest share in industrial production: manufacture of food products (of 0.3 %) and manufacture of wood and of products of wood (of 2 %). Drop was registered also in manufacture of machinery and equipment (of 6.7 %) and manufacture of paper and paper products (of 5.1 %).

Compared to February 2017, in March 2017 industrial production output increased by 1 % (according to seasonally adjusted data at constant prices), of which in manufacturing by 2.4 %, whereas there was a drop of 6.3 % in mining and quarrying and of 3.1 % in electricity and gas supply.

 

Volume index of manufacturing (2010=100)

  

 

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

 

Q1 2017

compared to

March 2017

compared to

Q4 2016

(seasonally adjusted)

Q1 2016

 (calendar adjusted)

February 2017 (seasonally adjusted)

March 2016

(calendar adjusted)

Total production

1.1

8.7

1.0

10.0

Mining and quarrying

2.1

13.2

-6.3

5.6

Manufacturing

0.2

6.7

2.4

7.4

Manufacture of food products

-1.1

-0.4

1.4

-0.3

Manufacture of beverages

8.2

10.2

-8.2

0.5

Manufacture of textiles

4.7

1.2

-1.2

3.1

Manufacture of wearing apparel

9.2

12.8

5.3

28.0

Manufacture of wood and cork articles, except furniture

-1.1

2.0

-1.0

-2.0

Manufacture of chemicals and chemical products

3.9

9.1

-5.8

-0.5

Manufacture of non-metallic mineral products

-0.4

5.4

5.8

6.3

Manufacture of fabricated metal products, except machinery and equipment

4.7

9.9

0.7

10.1

Manufacture of computer, electronic and optical products

3.3

30.6

3.0

38.8

Manufacture of electrical equipment

-3.7

17.8

18.3

25.6

Manufacture of machinery and equipment

3.1

10.4

-8.7

-6.7

Manufacture of motor vehicles, trailers and semi-trailers

3.6

18.9

2.7

27.6

Manufacture of furniture

2.0

9.7

6.6

15.0

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)

-10.4

8.5

8.6

18.3

Electricity and gas supply

2.1

14.2

-3.1

19.1

 

Manufacturing turnover2

Compared to March 2016, in March 2017 manufacturing turnover increased by 8.9 % (according to calendar adjusted data at current prices).The turnover on the domestic market grew by 2 % and in export by 16.5 % (of which in euro area by 18.7 %, and in non-euro area by 14.9 %).

Compared to February 2017, in March 2017 manufacturing turnover rose by 2.6 % (according to seasonally adjusted data). The turnover on the domestic market grew by 0.5 % and in export by 4.9 % (of which in euro area by 10.8 %, and in non-euro area by 1.9 %).

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:
Irēna Bekmane
Industrial and Construction Statistics Section
E-mail: Irena [dot] Bekmane [at] csb [dot] gov [dot] lv
Phone: +371 67366830