Press Release

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

(2010=100)

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

compared to

January – August

2013

 (calendar adjusted)

August 2014

compared to

July 2014

(seasonally adjusted)

August 2013
(calendar adjusted)

All production

-1.3

-0.2

-0.4

Mining and quarrying

3.8

-1.1

-5.3

Manufacturing

0.3

0.1

-0.9

Manufacture of food products

4.5

-1.3

-2.0

Manufacture of textiles

-5.2

-0.6

-6.1

Manufacture of wearing apparel

-16.9

9.6

-15.8

Manufacture of wood and cork articles, except furniture

8.2

-1.2

6.1

Manufacture of chemicals and chemical products

18.8

-4.3

4.6

Manufacture of other non-metallic mineral products

3.6

-3.5

-5.1

Manufacture of fabricated metal products, except machinery and equipment

2.1

-0.7

5.9

Manufacture of computer, electronic and optical products

60.0

2.7

70.2

Manufacture of electrical equipment

4.1

-14.0

-15.5

Manufacture of machinery and equipment

-3.5

-2.9

-24.9

Manufacture of motor vehicles, trailers and semi-trailers

7.5

-3.3

15.1

Manufacture of furniture

9.8

-0.1

9.4

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)

-21.4

12.1

-1.6

Electricity and gas supply

-8.7

0.0

3.8


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.

 

More information:
Industrial Statistics Section
Irēna Bekmane
Tel. +371 67366830

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