Volume of industrial production in March grew by 0.7%

07.05.2013

Latest data compiled by the Central Statistical Bureau of Latvia show that, compared to February of this year, volume of industrial production in March 2013 rose by 0.7% (according to seasonally adjusted data at constant prices); the increase was mainly due to the growth in electricity and gas supply (of 8%). Whereas industrial production reduction was recorded in manufacturing (of 2.2%) as well as in mining and quarrying (of 10.6%).

Industrial production volume index
(2010=100)

Compared to March 2012, industrial production output in March of this year dropped by 2.9%, according to calendar adjusted data at constant prices. Of which in mining and quarrying – by 8.5%, in manufacturing – by 5.7%, while in electricity and gas supply there was an increase of 5.6%. Reduction in manufacturing was notably affected by the industrial production drop in largest sectors – manufacture of basic metals (of 36.1%), metalworking (of 2.6%), and in wood processing (of 3.4%).

In comparison with the 4th quarter of previous year, industrial production output in the 1st quarter of 2013 diminished by 3.4%, according to seasonally adjusted data at constant prices. Of which in manufacturing – by 3.6%, in electricity, gas and water supply - by 0.2%, whereas in mining and quarrying there was an increase of 0.4%.

As compared to the 1st quarter of 2012, industrial production output in the 1st quarter of this year dropped by 1%, according to calendar adjusted data at constant prices. Of which in manufacturing – by 1.7%, in electricity and gas supply - by 0.8%, while in mining and quarrying there was a rise of 3.4%.

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

 

 1st qtr 2013

compared to

 March 2013

compared to

4th qtr  2012

(seasonally adjusted)

1st qtr  2012

(calendar adjusted)

February 2013 (seasonally adjusted)

March 2012

(calendar adjusted)

All production

-3.4

-1.0

0.7

-2.9

Mining and quarrying

0.4

3.4

-10.6

-8.5

Manufacturing

-3.6

-1.7

-2.2

-5.7

Manufacture of food products

2.1

6.8

-0.5

4.5

Manufacture of textiles

-2.5

4.4

3.6

5.7

Manufacture of wearing apparel

2.7

11.6

10.5

22.7

Manufacture of wood and cork articles, except furniture

0.3

-0.3

-3.6

-3.4

Manufacture of chemicals and chemical products

-9.0

-14.6

-3.1

-22.5

Manufacture of basic pharmaceutical products and pharmaceutical preparations

-25.2

-21.0

-5.3

-28.7

Manufacture of other non-metallic mineral products

1.2

5.3

-2.0

11.1

Manufacture of basic metals

-16.3

-20.4

4.5

-36.1

Manufacture of fabricated metal products, except machinery and equipment

7.2

-2.7

3.6

-2.6

Manufacture of computer, electronic and optical products

4.5

5.5

-6.9

-0.4

Manufacture of electrical equipment

-8.4

11.9

-6.8

1.0

Manufacture of motor vehicles, trailers and semi-trailers

2.0

-6.0

-6.5

-10.2

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

-39.8

-46.2

-37.9

-73.5

Manufacture of furniture

3.8

11.9

-7.9

8.9

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)

-16.1

-38.0

13.6

-28.8

Electricity and gas supply

-0.2

-0.8

8.0

5.6

In March 2013, industrial production output1 (at current prices) comprised LVL 431 million.

More information on seasonally adjusted, calendar adjusted and non-adjusted industrial production volume indices is available in the CSB data base.

 

More information:
Industrial Statistics Section
Ramona Skakunova
Tel.67366953

 

1 Data are compiled on economically active enterprises, which in industrial production employ 20 and more persons, or industrial turnover of which previous year exceeded LVL 300 thousand.
Industrial production volume, in compliance with the Statistical Classification of Economic Activities NACE Rev. 2, includes mining and quarrying, manufacturing, and electricity, gas, steam and air conditioning supply, except steam and air conditioning supply.