Industrial production grew by 0.6% in October
Latest data compiled by the Central Statistical Bureau show that compared to September industrial production volume in October (according to seasonally adjusted data at constant prices) increased by 0.6%. Of which industrial production in manufacturing grew by 0.3%, and in electricity and gas supply - by 3.5%. In turn, a drop of 5.2% was registered in mining and quarrying.
Volume index in manufacturing
Data source: Central Statistical Bureau of Latvia
Compared to October 2013, industrial production in October this year (according to calendar adjusted data at constant prices) grew by 1.6%; of which in manufacturing – by 1.5%, in electricity and gas supply – by 2.6%, whereas in mining and quarrying there was a decline of 1.1%.
The most notable growth in industrial production was recorded in manufacture of computer, electronic and optical products – of 35.1%, in manufacture of machinery and equipment – of 22%, and in manufacture of electrical equipment – of 15%. Significant production increase was also observed in manufacture of wood and of products of wood - of 8.9%, and in manufacture of fabricated metal products, except machinery and equipment - of 7.3%.
In turn, the most notable drop of industrial production volume was observed 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 30%, in manufacture of chemicals and chemical products - of 8.1%, and in manufacture of food products – of 0.1%
Changes in volume of industrial production, %
(at constant prices)
January - October 2014
January – October
Mining and quarrying
Manufacture of food products
Manufacture of textiles
Manufacture of wearing apparel
Manufacturing 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