In March, industrial production rose by 2.7 %

05.05.2016

Data compiled by the Central Statistical Bureau (CSB) show that, compared to March 2015, in March 2016 industrial production output grew by 2.7 % (according to calendar adjusted data at constant prices), of which by 3.7 % in manufacturing, by 0.1 % in electricity and gas supply, whereas in mining and quarrying there was a decrease of 4.9 %. The most notable manufacturing increase was recorded in manufacture of other non-metallic mineral products – of 27.8 %, in manufacture of chemicals and chemical products – of 18 %, and in manufacture of wood and of products of wood – of 10.7 %.

Compared to February 2016, in March 2016 industrial production output increased by 4.3 % (according to seasonally adjusted data at constant prices), of which in manufacturing by 2.3 %, in electricity and gas supply – by 6.5 %, whereas in mining and quarrying there was a reduction of 5.7 %.

Compared to the corresponding quarter of the previous year, in the 1st quarter of 2016 industrial production output grew by 3.7 % (according to calendar adjusted data at constant prices). Of which in manufacturing there was a rise of 2 % and in electricity and gas supply – of 11.6 %, whereas in mining and quarrying there was a drop of 0.9 %.

Compared to the 4th quarter of 2015, in the 1st quarter of 2016 industrial production output increased by 1.8 % (according to seasonally adjusted data at constant prices). Of which in manufacturing there was a growth of 1.2 %, and in mining and quarrying – of 3.9 %, while electricity and gas supply witnessed a drop of 4.5 %.

Volume index of manufacturing (2010=100)

  

 

 

Changes in volume of industrial production, %
(at constant prices)

 

Q1 of 2016

compared to

March 2016

compared to

Q4 of 2015

(seasonally adjusted)

Q1 of 2015

 (calendar adjusted)

February 2016

(seasonally adjusted)

March  2015    

 (calendar adjusted)

Total production

1.8

3.7

4.3

2.7

Mining and quarrying

3.9

-0.9

-5.7

-4.9

Manufacturing

1.2

2.0

2.3

3.7

Manufacture of food products

2.3

-0.4

-1.3

-0.7

Manufacture of textiles

0.3

13.4

-1.0

6.9

Manufacture of wearing apparel

-1.5

-4.2

-2.1

-10.7

Manufacturing of wood and cork articles, except furniture

3.7

10.5

-0.2

10.7

Manufacture of chemicals and chemical products

-1.6

5.8

12.5

18.0

Manufacture of other non-metallic mineral products

13.6

9.7

7.7

27.8

Manufacturing of fabricated metal products, except machinery and equipment

6.4

3.6

-6.0

1.4

Manufacture of computer, electronic and optical products

-8.6

-2.1

0.5

7.4

Manufacture of electrical equipment

-0.8

3.0

11.9

18.0

Manufacture of machinery and equipment

-1.5

6.9

9.0

6.4

Manufacture of motor vehicles, trailers and semi-trailers

9.4

3.7

-2.1

3.9

Manufacture of furniture

-0.6

3.2

-1.0

3.0

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)

-15.2

-25.1

2.7

-7.4

Electricity and gas supply

-4.5

11.6

6.5

0.1

 

Manufacturing turnover

Compared to 2015 March, manufacturing turnover declined by 0.5 % (according to calendar adjusted data at constant prices).Turnover in domestic market decreased by 0.2 % and in export – by 0.7 % (of which in euro area – by 0.9 %, and in non-euro area – by 0.8 %).

Compared to February, in March 2016 manufacturing turnover fell by 1.6 % (according to seasonally adjusted data). Turnover decline in domestic market accounted for 0.3 % and in export – for 3.1 % (of which 1.3 % in euro area and 1.7 % in non-euro area).

Compared to the 1st quarter of the previous year, in the 1st quarter of 2016 manufacturing turnover grew by 1.2 % (according to calendar adjusted data).

Compared to the 4th quarter of 2015, in the 1st quarter of 2016 manufacturing turnover increased by 1.6 % (according to seasonally adjusted data).

 

Changes in turnover of selected manufacturing sectorsin the 1st quarter of 2016 as % of the 1st quarter of 2015 (calendar adjusted data)

  

 

More information on seasonally adjusted, calendar adjusted, and non-adjusted industrial production volume and turnover is available in theCSB database section Industry.

Methodological explanations:

The volume index of industrial production describes changes in the volume of industrial production in the reference period compared to the base period.  The volume index of industrial production 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, Kristīne Romanovska
Information and Communication Section
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More information on data:
Industrial and Construction Statistics Section
Irēna Bekmane
Irena [dot] Bekmane [at] csb [dot] gov [dot] lv
Tel. +371 67366830