In May, industrial production output grew by 5.1 %

04.07.2016

Data compiled by the Central Statistical Bureau (CSB) show that, compared to May 2015, in May 2016 industrial production output increased by 5.1 % (according to calendar adjusted data at constant prices), of which in manufacturing – by 5.3 %, in electricity and gas supply – by 4.8 %, whereas in mining and quarrying there was a drop of 2.9 %.

Increase in the manufacturing sector was recorded in manufacture of computer, electronic and optical products – of 24.8 %, manufacture of fabricated metal products, except machinery and equipment – of 19.6 %, repair and installation of machinery and equipment – of 17.1 %, and manufacture of  wood and of products of wood – of 6.0 %. Whereas drop in industrial production output was observed in manufacture of electrical equipment – of 12.2 %, manufacture of wearing apparel – of 9.2 %, and manufacture of food products – of 1.5%.

Compared to April, in May 2016 industrial production volume rose by 2.4 % (according to seasonally adjusted data at constant prices), of which in manufacturing – by 2.9 % and in electricity and gas supply – by 2.8 %, whereas in mining and quarrying there was a decline of 1.8 %.

Volume index of manufacturing (2010=100)

  

 

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

 

January–May 2016

compared to

January–May 2015

 (calendar adjusted)

May 2016

compared to

April 2016

(seasonally adjusted)

May 2015 (calendar adjusted)

Total industrial production

3.1

2.4

5.1

Mining and quarrying

-3.2

-1.8

-2.9

Manufacturing

2.2

2.9

5.3

Manufacture of food products

-1.8

2.4

-1.5

Manufacture of textiles

10.8

4.8

9.2

Manufacture of wearing apparel

-4.1

-6.3

-9.2

Manufacture of wood and cork articles, except furniture

8.9

-1.6

6.0

Manufacture of chemicals and chemical products

-3.2

17.2

6.1

Manufacture of non-metallic mineral products

7.1

-1.3

2.4

Manufacture of fabricated metal products, except machinery and equipment

7.6

6.3

19.6

Manufacture of computer, electronic and optical products

8.5

-6.0

24.8

Manufacture of electrical equipment

-4.4

-3.5

-12.2

Manufacture of machinery and equipment

6.7

-5.0

5.5

Manufacture of motor vehicles, trailers and semi-trailers

1.8

-4.2

2.0

Manufacture of furniture

2.1

-0.2

1.6

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)

-15.6

13.5

17.1

Electricity and gas supply

8.8

2.8

4.8

 

Manufacturing turnover

Compared to May 2015, in May 2016 manufacturing turnover increased by 1.2 % (according to calendar adjusted data at current prices), of which by 1.0 % in domestic market and by 1.4 % in export (of which a rise of 9.9 % in euro area and drop of 4.7 % in non-euro area).

Compared to April, in May 2016 manufacturing turnover grew by 1.0 % (according to seasonally adjusted data), of which by 0.7 % in domestic market and by 1.4 % in export (of which rise of 2.3% in non-euro area zone and decline of 0.1 % in euro area).

Changes in turnover of selected manufacturing sectors in May 2016, as % of May 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.

 

Media requests:
Beate Danusēviča, Sanda Rieksta
Information and Communication Section
E-mail: media [at] csb [dot] gov [dot] lv
Phone: + 371 67366924, + 371 67366621, + 371 27880666
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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