Industrial production drops by 0.2% in August
Latest data compiled by the Central Statistical Bureau show that, compared to July industrial production volume in August (according to seasonally adjusted data at constant prices) declined by 0.2%; of which in mining and quarrying - a drop of 1.1%, in manufacturing - a growth of 0.1%, whereas in electricity and gas supply industrial production remained at the level of previous month.
Volume index of manufacturing
Data source: Central Statistical Bureau of Latvia
Compared to August 2013 industrial production output in August 2014 (according to calendar adjusted data at constant prices) declined by 0.4%, of which in mining and quarrying – by 5.3%, and in manufacturing – by 0.9%. In electricity and gas supply there was an increase of 3.8%.
Production drop in August was recorded in manufacture of machinery and equipment – of 24.9%, in manufacture of wearing apparel – of 15.8%, in manufacture of electrical equipment – of 15.5%, in manufacture of beverages - of 14.5%, and in manufacture of food products – of 2%. In turn, production increase was observed in manufacture of computer, electronic and optical products – of 70.2%, in manufacture of motor vehicles, trailers and semi-trailers - of 15.1%, in manufacture of furniture - of 9.4%, in manufacture of wood and cork articles – of 6.1%, and in manufacture of fabricated metal products, except machinery and equipment - of 5.9%.
Changes in volume of industrial production, %
(at constant prices)
January - August 2014
January – August
Mining and quarrying
Manufacture of food products
Manufacture of textiles
Manufacture of wearing apparel
Manufacture of wood and cork articles, except furniture
Manufacture of chemicals and chemical products
Manufacture of other non-metallic mineral products
Manufacture of fabricated metal products, except machinery and equipment
Manufacture of computer, electronic and optical products
Manufacture of electrical equipment
Manufacture of machinery and equipment
Manufacture of motor vehicles, trailers and semi-trailers
Manufacture of furniture
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)
Electricity and gas supply
More information on seasonally adjusted, calendar adjusted and non-adjusted industrial production volume indices and weights structure used in the calculations is available in the CSB databases.
Industrial Statistics Section
Tel. +371 67366830