In October, industrial production output grew by 5.4 %

04.12.2017

Data compiled by the Central Statistical Bureau (CSB) show that, compared to October 2016, in October 2017 industrial production output1 increased by 5.4 % (according to calendar adjusted data at constant prices). Production output rise was recorded in manufacturing (of 5.9 %), mining and quarrying (10.7 %) and electricity and gas supply (3 %).

Compared to the corresponding month of the previous year, output increase was recorded in manufacture of motor vehicles, trailers and semi-trailers (of 42.7 %), manufacture of chemicals and chemical products (25.4 %), and manufacture of electrical equipment (17 %). Output increase was observed also in the manufacturing sectors having the largest share in the industrial production: manufacture of wood and of products of wood and cork (of 1.3 %), manufacture of food products (2.1 %), and manufacture of fabricated metal products, except machinery and equipment (16.1 %).

Compared to September 2017, in October 2017 industrial production output fell by 2 % (according to seasonally adjusted data at constant prices), of which by 1.7 % in mining and quarrying, by 21.1 % in electricity and gas supply, while in manufacturing there was an increase of 0.2 %.

Volume index of manufacturing
(2010=100)

 

Changes in industrial production output
(as per cent, at constant prices)

 

JANOCT 2017, compared to

JANOCT 2016

(calendar adjusted)

October 2017, compared to

September 2017 (seasonally adjusted)

 

October 2016 (calendar adjusted)

 

Total production

9.3

-2.0

5.4

Mining and quarrying

18.3

-1.7

10.7

Manufacturing

8.1

0.2

5.9

Manufacture of food products

4.1

0.3

2.1

Manufacture of beverages

9.8

0.5

12.0

Manufacture of textiles

1.3

1.6

5.6

Manufacture of wearing apparel

9.9

2.3

12.8

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

2.5

-0.4

1.3

Manufacture of chemicals and chemical products

19.5

4.0

25.4

Manufacture of non-metallic mineral products

9.0

1.9

7.4

Manufacture of fabricated metal products, except machinery and equipment

13.1

-1.8

16.1

Manufacture of computer, electronic and optical products

18.7

-9.3

1.4

Manufacture of electrical equipment

23.1

6.4

17.0

Manufacture of machinery and equipment

18.7

-6.2

11.8

Manufacture of motor vehicles, trailers and semi-trailers

24.8

3.5

42.7

Manufacture of furniture

5.1

2.5

3.0

Repair and installation of machinery and equipment*

1.4

-3.5

0.2

Electricity and gas supply

12.7

-21.1

3.0

* repair and maintenance of ships and boats, repair of fabricated metal products, machinery and equipment, installation of industrial machinery and equipment

 

Manufacturing turnover2

Compared to October 2016, in October 2017 manufacturing turnover increased by 9.3 % (according to calendar adjusted data at current prices).Turnover on the domestic market grew by 6.5 % and in export by 12.4 % (of which by 22.6 % in euro area and by 5 % in non-euro area).

Compared to September 2017, in October 2017 manufacturing turnover rose by 1.1 % (according to seasonally adjusted data). Turnover on the domestic market grew by 0.9 % and in export by 1.4 % (of which by 1.5 % in euro area and by 1 % 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

1The 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.

2The 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.

 

 

 

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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