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Wednesday, 24.04.2024, 02:05
Industrial production drop in June in Latvia – 1.6%
Of which in manufacturing – reduction of 2.2%, but in mining and quarrying – increase of 0.7% and in electricity and gas supply – rise of 2.3%.
Volume index of manufacturing (2010=100) |
Data source: Central Statistical Bureau of Latvia
Compared to June 2014 industrial production volume in June 2015 (according to calendar adjusted data at constant prices) grew by 4.2%, of which in mining and quarrying – by 15.6% and in manufacturing – by 4.4%, while electricity and gas supply witnessed a decrease of 0.3%.
Compared to the 1st quarter of 2015 industrial production output in the 2nd quarter of 2015 increased by 4.2%, according to seasonally adjusted data at constant prices. Of which in manufacturing – by 2.6%, in mining and quarrying – by 2.5%, and in electricity and gas supply – by 9.9%.
Compared to corresponding quarter of the previous year, in the 2nd quarter of 2015 industrial production output grew by 5.7%, according to calendar adjusted data at constant prices. Of which in manufacturing – by 6.2%, in mining and quarrying – by 12% and in electricity and gas supply – by 2%.
As compared to the corresponding period of the previous year,industrial production output (according to calendar adjusted data) in the 1st half of 2015 increased by 3.7%. Of which in manufacturing – by 5.3% and mining and quarrying – by 11.3%, but in electricity and gas supply there was a reduction of 4.3%. In the six months of the year the largest increase in manufacturing was in metalworking sector. Growth was also recorded in manufacture of computer, electronic and optical products – of 57.4%, in manufacture of furniture – of 14% and in manufacture of wood and of products of wood – of 6.6%. In turn production drop was observed in manufacture of wearing apparel – of 17.6%, in manufacture of textiles – of 15.1%, in manufacture of other non-metallic mineral products – of 8.1%, and in manufacture of food products – of 6%.
Changes in volume of industrial production, % (at constant prices)
|
January – June 2015 compared to January – June 2014 (calendar adjusted) |
2nd quarter of 2015 compared to |
June 2015 compared to |
||
1st quarter of 2015 (seasonally adjusted) |
2nd quarter of 2014 (calendar adjusted) |
May 2015 (seasonally adjusted) |
June 2014 (calendar adjusted) |
||
Total production |
3.7 |
4.2 |
5.7 |
-1.6 |
4.2 |
Mining and quarrying |
11.3 |
2.5 |
12.0 |
0.7 |
15.6 |
Manufacturing |
5.3 |
2.6 |
6.2 |
-2.2 |
4.4 |
Manufacture of food products |
-6.0 |
-1.7 |
-6.7 |
-0.8 |
-6.8 |
Manufacture of textiles |
-15.1 |
3.2 |
-8.2 |
1.4 |
-5.0 |
Manufacture of wearing apparel |
-17.6 |
-5.1 |
-17.8 |
-5.0 |
-15.9 |
Manufacture of wood and cork articles, except furniture |
6.6 |
-1.3 |
4.6 |
1.9 |
3.3 |
Manufacture of chemicals and chemical products |
0.6 |
19.5 |
5.4 |
-44.4 |
-32.7 |
Manufacture of other non-metallic mineral products |
-8.1 |
-3.3 |
-9.6 |
-6.8 |
-14.3 |
Manufacturing of fabricated metal products, except machinery and equipment |
-1.4 |
-1.3 |
-3.9 |
-0.1 |
-3.1 |
Manufacture of computer, electronic and optical products |
57.4 |
-5.2 |
40.0 |
14.4 |
37.9 |
Manufacture of electrical equipment |
-4.6 |
15.8 |
4.7 |
6.4 |
20.3 |
Manufacture of motor vehicles, trailers and semi-trailers |
4.9 |
4.2 |
7.8 |
9.6 |
9.1 |
Manufacture of furniture |
14.0 |
4.0 |
15.2 |
0.7 |
14.3 |
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) |
-2.3 |
-6.8 |
-0.5 |
12.8 |
6.4 |
Electricity and gas supply |
-4.3 |
9.9 |
2.0 |
2.3 |
-0.3 |
More information on seasonally adjusted, calendar adjusted and non-adjusted industrial production volume indices and weights structure used for the calculations is available in the CSB database section Industry.