In September industrial production output grew by 2.4 %

03.11.2016

The latest data compiled by the Central Statistical Bureau (CSB) show that, compared to September 2015, industrial production output in September 2016 rose by 2.4 % (according to calendar adjusted data at constant prices). Production output in manufacturing increased by 5.6 %, in mining and quarrying by 1.1 %, but in electricity and gas supply it declined by 14.5 %.

Increase in the production output was registered in the proportionally largest manufacturing sectors – manufacture of fabricated metal products, except machinery and equipment (12.3 %), manufacture of wood and of products of wood and cork, except furniture (7.8 %), and manufacture of food products (4 %). Rise in the production output was observed also in manufacture of beverages (18.8 %), manufacture of motor vehicles, trailers and semi-trailers (17.4 %), and manufacture of furniture (15.4 %).

Compared to August, industrial production output in September 2016 rose by 1.5 %, according to seasonally adjusted data at constant prices. Production output in manufacturing grew by 2.2 %, in mining and quarrying by 0.9 %, whereas in electricity and gas supply it declined by 1.2 %.

Compared to the 3rd quarter of 2015, in the 3rd quarter of 2015 industrial production output increased by 1.4 %, according to calendar adjusted data at constant prices; the rise was due to the 3.8 % growth in manufacturing. Reduction, in turn, was recorded in mining and quarrying (4.7 %) and electricity and gas supply (9.7 %) that was due to the decline in volume of electricity produced in combined heat and power plants.

Compared with the 2nd quarter of 2016, in the 3rd quarter of 2016 industrial production output dropped by 1.9 %, according to seasonally adjusted data at constant prices. The fall was affected by the output drop of 0.6 % in manufacturing, of 6.3 % in electricity, electricity and gas supply, and of 3.2 % in mining and quarrying.

Compared to the corresponding period of the previous year, in the nine months of 2016 industrial production output increased by 3.1 %, according to calendar adjusted data. In manufacturing there was a rise of 3.6 % and in electricity and gas supply of 4 %, while in mining and quarrying there was a decrease of 3.8 %. Notable increase in production output was recorded in the proportionally largest manufacturing sector – manufacture of wood and of products of wood and cork, except furniture (7.6 %), rise was recorded also in manufacture of fabricated metal products, except machinery and equipment (8.8 %), and manufacture of computer, electronic and optical products (14.7 %). Decline in production output, in turn, was observed in repair and installation of machinery and equipment (6.7 %), manufacture of wearing apparel (4.6 %), and manufacture of chemicals and chemical products (3.8 %).

Volume index of manufacturing (2010=100)

Changes in industrial production output, %

 

 

Jan–Sep 2016

compared to

Jan–Sep

 2015

(calendar adjusted)

Q3 2016

compared to

Sep 2016

compared to

Q22016

(seasonally adjusted)

Q3 2015

 (calendar adjusted)

Aug 2016 (seasonally adjusted)

Sep 2015

(calendar adjusted)

Total production

3.1

-1.9

1.4

1.5

2.4

Mining and quarrying

-3.8

-3.2

-4.7

0.9

1.1

Manufacturing

3.6

-0.6

3.8

2.2

5.6

Manufacture of food products

-0.1

1.6

1.0

0.6

4.0

Manufacture of textiles

5.4

5.2

0.1

8.8

5.0

Manufacture of wearing apparel

-4.6

-0.5

-4.9

11.7

-0.6

Manufacture of wood and cork articles, except furniture

7.6

-0.8

4.1

10.2

7.8

Manufacture of chemicals and chemical products

-3.8

-1.3

-7.4

-1.8

-12.5

Manufacture of other non-metallic mineral products

8.5

1.8

10.1

-2.4

11.2

Manufacture of fabricated metal products, except machinery and equipment

8.8

-8.1

6.4

13.0

12.3

Manufacture of computer, electronic and optical products

14.7

7.6

21.6

-7.0

3.9

Manufacture of electrical equipment

-0.9

4.5

2.9

-7.5

3.0

Manufacture of motor vehicles, trailers and semi-trailers

-0.4

6.1

5.1

-4.9

17.4

Manufacture of furniture

3.1

5.2

5.2

7.7

15.4

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)

-6.7

-12.5

-10.9

-1.0

-13.7

Electricity and gas supply

4.0

-6.3

-9.7

-1.2

-14.5

 

Manufacturing turnover

According to calendar adjusted data at current prices, in September 2016 industrial production turnover increased by 0.5 %,as compared to September 2015. Turnover in export grew by 2.7 % (of which by 5 % in euro area and by 1% in non-euro area), whereas in domestic market turnover fell by 1.5 %.

According to seasonally adjusted data, in September 2016 manufacturing turnover increased by 5 %, compared to August. Turnover in the domestic market rose by 4.8 % and in export by 5.2 % (of which by 11.1 % in euro area and by 3.6 % in non-euro area).

According to calendar adjusted data, in the 3rd quarter of 2016 manufacturing turnover grew by 1.3 %, compared to the 3rd quarter of 2015. According to seasonally adjusted data, manufacturing turnover increased by 0.1 %, compared to the 2nd quarter of 2016.

 

Changes in turnover of selected manufacturing sectors in nine months of 2016, as % of the corresponding period of 2015 (calendar adjusted data)

 

The manufacturing turnover data on July and August were corrected in line with the new and specified information provided by the respondents on the production sold during the period. The most significant corrections were made in the data on the manufacture of other transport equipment.

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

Methodological explanations

The industrial production volume index 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.

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
Beate Danusēviča

Information and Communication Section
E-mail: media [at] csb [dot] gov [dot] lv
Phone: +371 67366924, +371 27880666
www.csb.gov.lv
www.twitter.com/CSB_Latvia
www.facebook.com/csplatvija

 

More information on data
Irēna Bekmane
Industrial and Construction Statistics Section
E-mail: Irena [dot] Bekmane [at] csb [dot] gov [dot] lv
Phone: +371 67366830