In September, industrial production output grew by 12.9 %

03.11.2017

Data compiled by the Central Statistical Bureau (CSB) show that, compared to September 2016, in September 2017 industrial production output1 increased by 12.9 % (according to calendar adjusted data at constant prices). Rise was recorded in manufacturing (of 7.1 %), mining and quarrying (22.8 %) and electricity and gas supply (38.2 %). Increase in energy sector was influenced by the growth in the volume of electricity produced in hydro-power plants.

Compared to September of the previous year, increase in manufacturing output was caused by the output rise in medium high technologies industries: manufacture of motor vehicles, trailers and semi-trailers (of 50.9 %), manufacture of machinery and equipment (27.1 %), manufacture of chemicals and chemical products (24.5 %), and manufacture of electrical equipment (19 %). Growth was also observed in manufacture of food products (of 1.6 %) and manufacture of fabricated metal products, except machinery and equipment (19.3 %).  In manufacture of wood and wood articles – the sector having the largest share in industrial production –  there was a drop of 0.3 %.

Compared to August 2017, in September 2017 industrial production output went up by 1.4 % (according to seasonally adjusted data at constant prices), of which by 1.7 % in mining and quarrying, by 25.8 % in electricity and gas supply, whereas in manufacturing there was a decline of 1.3 %.

Volume index in manufacturing
(2010=100)

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

 

JanSep 2017, compared to

JanSep 2016

(calendar adjusted)

Q3 2017, compared to

September 2017, compared to

Q2 2017

 (seasonally adjusted)

 

Q3 2016

(calendar adjusted)

August 2017 (seasonally adjusted)

 

September 2016 (calendar adjusted)

 

Total production

9.8

2.0

11.4

1.4

12.9

Mining and quarrying

19.2

1.5

23.7

1.7

22.8

Manufacturing

8.4

1.2

9.3

-1.3

7.1

Manufacture of food products

4.3

-0.2

5.1

-2.2

1.6

Manufacture of beverages

9.6

-4.5

3.7

0.6

4.5

Manufacture of textiles

0.7

2.3

0.3

2.0

-2.5

Manufacture of wearing apparel

9.6

-5.2

3.9

11.5

8.6

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

2.7

1.7

4.5

-1.0

-0.3

Manufacture of chemicals and chemical products

18.2

-3.2

18.7

-2.5

24.5

Manufacture of other non-metallic mineral products

9.1

2.7

10.4

-3.7

7.0

Manufacture of fabricated metal products, except machinery and equipment

12.8

7.2

23.8

0.1

19.3

Manufacture of computer, electronic and optical products

21.0

-1.1

12.1

6.9

21.9

Manufacture of electrical equipment

24.0

-6.7

15.0

2.3

19.0

Manufacture of machinery and equipment

19.7

6.9

22.4

-1.3

27.1

Manufacture of motor vehicles, trailers and semi-trailers

23.0

13.7

34.6

-4.3

50.9

Manufacture of furniture

5.4

-2.2

-0.6

-2.8

-6.2

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)

1.5

18.1

17.7

-9.7

3.8

Electricity and gas supply

14.1

9.1

19.2

25.8

38.2

 

Manufacturing turnover2

Compared to September 2016, in September 2017 manufacturing turnover increased by 8.6 % (according to calendar adjusted data at current prices).Turnover on the domestic market grew by 7 % and in export by 10.3 % (of which by 12.8 % in euro area and by 8.4 % in non-euro area).

Compared to August 2017, in September 2017 manufacturing turnover fell by 1.4 % (according to seasonally adjusted data). Turnover on the domestic market dropped by 1.5 % and in export by 1.3 % (of which by 3.7 % in euro area, while in non-euro area there was a rise of 2.1 %).

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