In May, industrial production output has grown by 2.2%

04.07.2013

Latest seasonally adjusted data (at constant prices) compiled by the Central Statistical Bureau of Latvia show that, in comparison with April, industrial production output in May has increased by 2.2%. Of which in mining and quarrying – by 8.3%, in manufacturing – by 1.4%, and in electricity and gas supply – by 1.8%.

Industrial production volume index
(2010=100)

The most notable industrial production increase was observed inmanufacture of other transport equipment (building of ships and boats, manufacture of railway locomotives and rolling stock) – by 36.9%, in manufacture of paper and paper products – by 11.9%, and in manufacture of chemicals and chemical products – by 10.8%. As compared to the previous month, production growth was recorded also in sectors having the largest share: metalworking – of 2.5%, manufacture of food products – of 2.3%, and wood processing – of 0.9%.

Compared to May 2012, industrial production output in May of this year (according to calendar adjusted data at constant prices) has risen by 0.6%.Of which in mining and quarrying – by 1.3%, in electricity and gas supply – by 3.9%, while in manufacturing there was a decrease of 0.2%. The most significant drop among manufacturing sectors was recorded in manufacture of basic metals – of 68.2%. Whereas in 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) industrial production volume reduced by 16.1%, and in manufacture of basic pharmaceutical products and pharmaceutical preparations – by 5.1%.

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

 

January – May 2013

compared to

January – May 2012

(calendar adjusted)

May 2013

compared to

April 2013

(seasonally adjusted)

May 2012

(calendar adjusted)

All production

-0.7

2.2

0.6

Mining and quarrying

-1.3

8.3

1.3

Manufacturing

-1.6

1.4

-0.2

Manufacture of food products

6.0

2.3

6.2

Manufacture of textiles

5.3

-4.3

1.6

Manufacture of wearing apparel

7.3

1.3

2.2

Manufacture of wood and cork articles, except furniture

-0.6

0.9

-0.6

Manufacture of chemicals and chemical products

-15.8

10.8

-3.0

Manufacture of basic pharmaceutical products and pharmaceutical preparations

-14.1

-2.0

-5.1

Manufacture of other non-metallic mineral products

3.5

5.1

4.2

Manufacture of basic metals

-37.6

-27.2

-68.2

Manufacture of fabricated metal products, except machinery and equipment

-1.6

2.5

1.2

Manufacture of computer, electronic and optical products

9.3

-8.8

6.5

Manufacture of electrical equipment

17.0

-1.7

16.7

Manufacturing of machinery and equipment

-0.3

6.9

2.3

Manufacture of motor vehicles, trailers and semi-trailers

-2.3

8.6

9.0

Manufacture of other transport equipment (building of ships and boats, manufacture of railway locomotives and rolling stock)

-29.0

36.9

-3.2

Manufacture of furniture

13.8

3.2

17.0

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)

-32.3

-10.5

-16.1

Electricity and gas supply

0.9

1.8

3.9

In May 2013, industrial production output1 (at current prices) comprised LVL 451.9 million.

More information on seasonally adjusted, calendar adjusted and non-adjusted industrial production volume indices is available in the CSB database.

 

More information:
Industrial Statistics Section
Irēna Bekmane
Tel. 67366830

 



1 Data are compiled on economically active enterprises employing 20 and more persons in industrial production or industrial turnover in which previous year exceeded LVL 300 thousand.

Industrial production volume, in compliance with the Statistical Classification of Economic Activities NACE Rev. 2, includes mining and quarrying, manufacturing, and electricity, gas, steam and air conditioning supply, except steam and air conditioning supply.