Analytics, Industry, Latvia, Statistics
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Thursday, 25.04.2024, 05:58
Industrial production output in Latvia grew by 2.4 % in September
Increase in the production output was registered in the
proportionally largest manufacturing sectors – manufacture of fabricated metal
products, except machinery and equipment (12.3%), manufacture of wood and of
products of wood and cork, except furniture (7.8 %), and manufacture of food
products (4%). Rise in the production output was observed also in manufacture
of beverages (18.8%), manufacture of motor vehicles, trailers and semi-trailers
(17.4%), and manufacture of furniture (15.4%).
Compared to August, industrial production output in
September 2016 rose by 1.5%, according to seasonally adjusted data at constant
prices. Production output in manufacturing grew by 2.2%, in mining and
quarrying by 0.9 %, whereas in electricity and gas supply it declined by 1.2%.
Compared to the 3rd quarter of 2015, in the
3rd quarter of 2015 industrial production output increased by
1.4%, according to calendar adjusted data at constant prices; the rise was due
to the 3.8% growth in manufacturing. Reduction, in turn, was recorded in mining
and quarrying (4.7%) and electricity and gas supply (9.7%) that was due to the
decline in volume of electricity produced in combined heat and power plants.
Compared with the 2nd quarter of 2016, in
the 3rd quarter of 2016 industrial production output dropped by
1.9%, according to seasonally adjusted data at constant prices. The fall was
affected by the output drop of 0.6 % in manufacturing, of 6.3 % in
electricity, electricity and gas supply, and of 3.2% in mining and quarrying.
Compared to the corresponding period of the previous year,
in the nine months of 2016 industrial production output increased by 3.1%,
according to calendar adjusted data. In manufacturing there was a rise of 3.6%
and in electricity and gas supply of 4 %, while in mining and quarrying there
was a decrease of 3.8%. Notable increase in production output was recorded in
the proportionally largest manufacturing sector – manufacture of wood and of
products of wood and cork, except furniture (7.6%), rise was recorded also in
manufacture of fabricated metal products, except machinery and equipment (8.8%),
and manufacture of computer, electronic and optical products (14.7%). Decline
in production output, in turn, was observed in repair and installation of
machinery and equipment (6.7%), manufacture of wearing apparel (4.6%), and
manufacture of chemicals and chemical products (3.8%).
Manufacturing turnover
According to calendar adjusted data at current prices, in
September 2016 industrial production turnover increased by 0.5%,as compared to
September 2015. Turnover in export grew by 2.7% (of which by 5% in euro area
and by 1% in non-euro area), whereas in domestic market turnover fell by 1.5%.
According to seasonally adjusted data, in September 2016
manufacturing turnover increased by 5%, compared to August. Turnover in the
domestic market rose by 4.8% and in export by 5.2% (of which by 11.1% in euro
area and by 3.6% in non-euro area).
According to calendar adjusted data, in the 3rd quarter of
2016 manufacturing turnover grew by 1.3%, compared to the 3rd quarter of 2015.
According to seasonally adjusted data, manufacturing turnover increased by 0.1%,
compared to the 2nd quarter of 2016.
The manufacturing turnover data on July and August were
corrected in line with the new and specified information provided by the
respondents on the production sold during the period. The most significant
corrections were made in the data on the manufacture of other transport
equipment.