In November, industrial production stayed at previous month level

03.01.2014

Latest seasonally adjusted data compiled by the Central Statistical Bureau of Latvia (at constant prices) show that, in comparison with October, industrial production volume in November did not change. In manufacturing there was a rise of 2.1%, while in mining and quarrying as well as in electricity and gas supply – a decrease of 1.2% and 4%, respectively.

Industrial production volume index

(2010=100)

Data source: Central Statistical Bureau of Latvia

In comparison with October, rise in manufacturing production was recorded in sectors having the highest share: wood processing (3.4%), manufacture of food products (of 2.1%), and metalworking (of 16.5%).

Compared to November 2012, industrial production output in November 2013 grew by 0.4%, according to calendar adjusted data at constant prices; of which by 2.6% in manufacturing, while in mining and quarrying as well as in electricity and gas supply there was a drop of 0.3% and 6.2%, respectively.

The most notable increase in manufacturing was recorded in manufacture of motor vehicles, trailers and semi-trailers – of 33.6%, and manufacture of electrical equipment – of 14.4%. Significant growth was observed also in manufacturing sectors having the largest share: wood processing (of 6.6%), manufacture of food products (of 10.3%), and metalworking (of 12.3%).

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

 

January–November 2013

compared to

January–November 2012

 (calendar adjusted)

November 2013

compared to

October 2013

(seasonally adjusted)

November 2012
(calendar adjusted)

All production

-0.1

0.0

0.4

Mining and quarrying

3.1

-1.2

-0.3

Manufacturing

0.4

2.1

2.6

Manufacture of food products

6.1

2.1

10.3

Manufacturing of textiles

5.3

-2.5

11.5

Manufacture of wearing apparel

2.9

3.4

-5.3

Manufacture of wood and cork articles, except furniture

2.4

3.4

6.6

Printing and reproduction of recorded media

4.5

2.6

12.0

Manufacture of chemicals and chemical products

-10.1

-1.7

5.6

Manufacture of basic pharmaceutical products and pharmaceutical preparations

-13.6

-9.7

-24.0

Manufacture of non-metallic mineral products

5.6

1.4

6.4

Manufacture of basic metals

-55.1

10.8

-69.9

Manufacture of fabricated metal products, except machinery and equipment

2.9

16.5

12.3

Manufacture of computer, electronic and optical products

22.2

-26.4

13.2

Manufacture of electrical equipment

10.5

5.7

14.4

Manufacture of machinery and equipment

1.5

-1.4

-8.1

Manufacture of motor vehicles, trailers and semi-trailers

4.2

0.8

33.6

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

0.3

52.9

3.8

Manufacture of furniture

11.4

-2.1

9.3

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)

-19.7

-4.0

-9.9

Electricity and gas supply

-2.0

-4.0

-6.2

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

 

More information:
Industrial Statistics Section
Irēna Bekmane
Tel. +371 67366830