Volume of industrial production in August has dropped by 2%

04.10.2013

Latest data compiled by the Central Statistical Bureau of Latvia show that, in comparison with July, industrial production volume (according to seasonally adjusted data at constant prices) in August has decreased by 2%; of which in mining and quarrying by 4.3%, in manufacturing by 2.4%, while in electricity and gas supply there was a slight increase – of 0.8%.

Industrial production volume index

(2010=100)

Data source: Central Statistical Bureau of Latvia

The most notable drop in manufacturing sector, as compared to July, was recorded in manufacture of other transport equipment (building of ships and boats, manufacture of railway locomotives and rolling stock) – of  66.7%, 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) – of 16.1%, and in manufacture of motor vehicles, trailers and semi-trailers  – of 6%. Whereas rising the production volume was observed in wood processing – of 3.6%, manufacture of food products – of 2.9%, and manufacture of wearing apparel – of 10.3%.

Compared to August 2012, industrial production output (according to calendar adjusted data at constant prices) in August of this year has diminished by 3.5%; of which in manufacturing – by 2.5%, in electricity and gas supply – by 7.9%, whereas in mining and quarrying there was a growth of 0.6%. The most notable manufacturing sector reduction, as compared to the corresponding period of the previous year, was recorded in manufacture of basic metals – of 66.3%, in manufacture of other transport equipment – of 40.7%, and in repair and installation of machinery and equipment – of 39.8%. While production rise, in comparison with the August of the previous year, was observed in manufacture of computer, electronic and optical products – of 33.8%, and in manufacture of electrical equipment – of 16.9%. Increase was recorded also in manufacturing sectors having the largest share in industrial production: manufacture of food products – of 6.8%, metalworking – of 4.7%, and wood processing – of 3.7%.

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

 

January - August 2013

compared to

January – August 2012

 (calendar adjusted)

August 2013 compared to

July 2013

(seasonally adjusted)

August 2012    

 (calendar adjusted)

All production

-0.6

-2.0

-3.5

Mining and quarrying

3.2

-4.3

0.6

Manufacturing

-0.6

-2.4

-2.5

Manufacture of food products

5.5

2.9

6.8

Manufacture of textiles

2.1

1.9

4.7

Manufacture of wearing apparel

5.1

10.3

-1.8

Manufacture of wood and cork articles, except furniture

0.5

3.6

3.7

Printing and reproduction of recorded media

3.0

7.0

-4.6

Manufacture of chemicals and chemical products

-20.1

-6.1

-27.2

Manufacture of basic pharmaceutical products and pharmaceutical preparations

-12.8

-8.2

-0.2

Manufacture of other non-metallic mineral products

4.5

-4.1

-4.4

Manufacture of basic metals

-50.3

13.0

-66.3

Manufacture of fabricated metal products, except machinery and equipment

1.6

-2.1

4.7

Manufacture of computer, electronic and optical products

17.5

-7.1

33.8

Manufacture of electrical equipment

12.1

1.4

16.9

Manufacturing of machinery and equipment

2.6

4.2

6.1

Manufacture of motor vehicles, trailers and semi-trailers

0.0

-6.0

-1.3

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

18.4

-66.7

-40.7

Manufacture of furniture

12.5

3.0

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)

-27.0

-16.1

-39.8

Electricity and gas supply

-1.3

0.8

-7.9

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
Ramona Skakunova
Tel. +37167366953