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Friday, 29.03.2024, 16:24
In September, industrial production output in Latvia grew by 12.9%
Increase in
energy sector was influenced by the growth in the volume of electricity
produced in hydro-power plants.
Compared to
September of the previous year, increase in manufacturing output was caused by
the output rise in medium high technologies industries: manufacture of motor
vehicles, trailers and semi-trailers (of 50.9%), manufacture of machinery and
equipment (27.1%), manufacture of chemicals and chemical products (24.5%), and
manufacture of electrical equipment (19%). Growth was also observed in
manufacture of food products (of 1.6%) and manufacture of fabricated metal products,
except machinery and equipment (19.3%). In manufacture of wood and wood
articles – the sector having the largest share in industrial production –
there was a drop of 0.3%.
Compared to August 2017, in September 2017 industrial production output went up by 1.4% (according to seasonally
adjusted data at constant prices), of which by 1.7% in mining and quarrying, by
25.8% in electricity and gas supply, whereas in manufacturing there was a
decline of 1.3%.
Changes in industrial production output (as %, at constant prices)
|
Jan–Sep 2017, compared to Jan–Sep 2016 (calendar
adjusted) |
Q3 2017,
compared to |
September
2017, compared to |
||
Q2 2017 (seasonally
adjusted) |
Q3 2016 (calendar
adjusted) |
August
2017 (seasonally adjusted) |
September
2016 (calendar adjusted) |
||
Total
production |
9.8 |
2.0 |
11.4 |
1.4 |
12.9 |
Mining and
quarrying |
19.2 |
1.5 |
23.7 |
1.7 |
22.8 |
Manufacturing |
8.4 |
1.2 |
9.3 |
-1.3 |
7.1 |
Manufacture
of food products |
4.3 |
-0.2 |
5.1 |
-2.2 |
1.6 |
Manufacture
of beverages |
9.6 |
-4.5 |
3.7 |
0.6 |
4.5 |
Manufacture
of textiles |
0.7 |
2.3 |
0.3 |
2.0 |
-2.5 |
Manufacture
of wearing apparel |
9.6 |
-5.2 |
3.9 |
11.5 |
8.6 |
Manufacture of wood and of products of wood and cork, except furniture |
2.7 |
1.7 |
4.5 |
-1.0 |
-0.3 |
Manufacture of chemicals and chemical products |
18.2 |
-3.2 |
18.7 |
-2.5 |
24.5 |
Manufacture of other non-metallic mineral products |
9.1 |
2.7 |
10.4 |
-3.7 |
7.0 |
Manufacture of fabricated metal products, except machinery and equipment |
12.8 |
7.2 |
23.8 |
0.1 |
19.3 |
Manufacture of computer, electronic and optical products |
21.0 |
-1.1 |
12.1 |
6.9 |
21.9 |
Manufacture
of electrical equipment |
24.0 |
-6.7 |
15.0 |
2.3 |
19.0 |
Manufacture of machinery and equipment |
19.7 |
6.9 |
22.4 |
-1.3 |
27.1 |
Manufacture of motor vehicles, trailers and semi-trailers |
23.0 |
13.7 |
34.6 |
-4.3 |
50.9 |
Manufacture
of furniture |
5.4 |
-2.2 |
-0.6 |
-2.8 |
-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) |
1.5 |
18.1 |
17.7 |
-9.7 |
3.8 |
Electricity
and gas supply |
14.1 |
9.1 |
19.2 |
25.8 |
38.2 |
Manufacturing turnover (2)
Compared to
September 2016, in September 2017 manufacturing turnover increased by 8.6%
(according to calendar adjusted data at current prices). Turnover on the
domestic market grew by 7% and in export by 10.3% (of which by 12.8% in euro
area and by 8.4% in non-euro area).
Compared to
August 2017, in September 2017 manufacturing turnover fell by 1.4%
(according to seasonally adjusted data). Turnover on the domestic market
dropped by 1.5% and in export by 1.3% (of which by 3.7% in euro area, while in
non-euro area there was a rise of 2.1%).
More information
on seasonally adjusted, calendar adjusted and non-adjusted industrial
production volume and turnover indices (including by sector) is available in
the CSB database section Industry.
Methodological explanations
1The volume index of industrial production describes
changes in the volume of industrial production during the reference period in
comparison to the base period. The index is estimated by recalculating the
production output indicator at constant prices with the help of producer price
indices.
2The industrial turnover index measures the monthly
development of market demand for industrial goods and services. It is
calculated at current prices without excluding price influence. Unlike
industrial goods that also include unfinished goods and goods in stock,
turnover only includes the goods sold and industrial services provided.