In May, industrial production output grew by 9.9 %

04.07.2017

Data compiled by the Central Statistical Bureau (CSB) show that, compared to May 2016, in May 2017 industrial production output1 increased by 9.9 % (according to calendar adjusted data at constant prices). Industrial production output increase was recorded in manufacturing(of 9.4 %), mining and quarrying (21.3 %), and electricity and gas supply (9.8 %).

Compared to the corresponding month of the previous year, industrial production output rise was observed in most of the manufacturing sectors, including those having the largest share in the industrial production – manufacture of wood and of products of wood and cork (6.8 %), manufacture of food products (7.5 %) and manufacture of fabricated metal products, except machinery and equipment (1.5 %). The most notable output increase was recorded in high- and medium-high-tech industries: manufacture of electrical equipment (51.1%), manufacture of machinery and equipment (26.5 %), manufacture of computer, electronic and optical products (24.9 %), and manufacture of basic pharmaceutical products and pharmaceutical preparations.

Compared to April 2017, in May 2017 industrial production output grew by 1.7 % (according to seasonally adjusted data at constant prices), of which by 3.1 % in manufacturing, whereas in electricity and gas supply and in mining and quarrying there was a decline of 2.6 % and 0.2 %, respectively.

Volume index of manufacturing (2010=100)

 

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

 

 

JanuaryMay 2017

compared to

JanuaryMay2016

 (calendar adjusted)

May 2017

compared to

April 2017 (seasonally adjusted)

 

May 2016

(calendar adjusted)

 

Total production

9.1

1.7

9.9

Mining and quarrying

17.1

-0.2

21.3

Manufacturing

7.2

3.1

9.4

Manufacture of food products

2.7

1.9

7.5

Manufacture of beverages

13.6

-6.4

10.2

Manufacture of textiles

1.6

7.5

7.4

Manufacture of wearing apparel

11.4

1.2

14.4

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

2.2

5.3

6.8

Manufacture of chemicals and chemical products

12.4

-1.5

6.7

Manufacture of other non-metallic mineral products

7.7

2.8

11.4

Manufacture of fabricated metal products, except machinery and equipment

6.3

2.9

1.5

Manufacture of computer, electronic and optical products

29.4

-4.7

24.9

Manufacture of electrical equipment

28.7

7.8

51.1

Manufacture of machinery and equipment

10.8

12.3

26.5

Manufacture of motor vehicles, trailers and semi-trailers

13.6

10.3

18.3

Manufacture of furniture

8.4

2.1

7.7

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)

-1.0

-3.0

-16.7

Electricity and gas supply

14.4

-2.6

9.8

 

Manufacturing turnover2

Compared to May 2016, in May 2017 manufacturing turnover increased by 9.1 % (according to calendar adjusted data at current prices). Turnover on the domestic market grew by 6.2 % and in export by 12.6 % (of which by 15.2 % in euro area and by 10.7 % in non-euro area).

Compared to April 2017, in May 2017 manufacturing turnover rose by 3.3 % (according to seasonally adjusted data). Turnover on the domestic market went up by 2.2 % and in export by 4.5 % (of which by 4.4 % in euro area and by 4.9 % 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

1 The 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.

2 The 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
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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