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Thursday, 25.04.2024, 04:10
Industrial production in Latvia drops by 3.1% in January
It was affected by a decrease of 18.4% in electricity and gas supply. Production output of manufacturing, compared to the previous month, reduced slightly – by 0.2%, but in mining and quarrying it rose by 8.8%.
Volume index of manufacturing (2010=100) |
Compared to January 2014, industrial production output decreased by 3.5%, according to calendar adjusted data at constant prices. Production drop was observed in electricity and gas supply of 19%, while in manufacturing and in mining and quarrying there was an increase of 2% and 15.4%, respectively.
Volume of production rose in manufacture of furniture by 12.4%, in manufacture of wood and of products of wood – of 9.8%, in printing and reproduction of recorded media – of 6.3%, and in manufacture of beverages – of 6.2%. Growth was also recorded in manufacture of computer, electronic and optical products – 2.4 times, compared to the corresponding month of the previous year.
But production drop was recorded in manufacture of textiles – of 26.3%, in manufacture of electrical equipment – of 12.9%, in manufacture of chemicals and chemical products – of 7.6%, and in manufacture of food products – of 3.8%.
Changes in volume of industrial production, % (at constant prices)
|
January 2015 compared to |
|
December 2014 (seasonally adjusted) |
January 2014 |
|
All production |
-3.1 |
-3.5 |
Mining and quarrying |
8.8 |
15.4 |
Manufacturing |
-0.2 |
2.0 |
Manufacture of food products |
1.2 |
-3.8 |
Manufacture of textiles |
-3.5 |
-26.3 |
Manufacture of wearing apparel |
24.9 |
-8.1 |
Manufacturing of wood and cork articles, except furniture |
2.2 |
9.8 |
Manufacture of chemicals and chemical products |
-5.9 |
-7.6 |
Manufacture of other non-metallic mineral products |
-3.5 |
3.2 |
Manufacturing of fabricated metal products, except machinery and equipment |
6.7 |
-0.1 |
Manufacture of computer, electronic and optical products |
12.3 |
135.1 |
Manufacture of electrical equipment |
-11.3 |
-12.9 |
Manufacturing of machinery and equipment |
-13.1 |
3.0 |
Manufacture of motor vehicles, trailers and semi-trailers |
6.3 |
-3.7 |
Manufacture of furniture |
5.7 |
12.4 |
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) |
18.8 |
-8.2 |
Electricity and gas supply |
-18.4 |
-19.0 |
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 database section “Industry”.