Analytics
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Thursday, 25.04.2024, 21:07
Industrial production in Latvia grew by 10.6%
Compared to February of the previous year, the most notable industrial production output increase was recorded in sectors manufacturing high- and medium-high-technologies: manufacture of computer, electronic and optical products (of 34.8%), manufacture of chemicals and chemical products (24.7%), manufacture of motor vehicles, trailers and semi-trailers (17.4%), manufacture of machinery and equipment (15.7%), as well as manufacture of basic pharmaceutical products and pharmaceutical preparations and manufacture of other transport equipment. Significant output growth was observed also in manufacture of wearing apparel and manufacture of beverages – of 13.9% and 10.4%, respectively.
Notable industrial production output reduction, in its turn, was registered in proportionally largest sectors: manufacture of food products (of 4.2%) and manufacture of wood and of products of wood (1%). Output decline was registered also in printing and reproduction of recorded media (of 5.9%) and manufacture of paper and paper products (5.4%).
Compared to January, in February 2017 industrial production output grew by 3.3% (according to seasonally adjusted data at constant prices); of which in manufacturing by 0.4%, in electricity and gas supply by 10.7%, whereas in mining and quarrying there was a decline of 2.2%.
Volume index of manufacturing (2010=100)
Changes in industrial production output, %
(at constant prices)
| January–February 2017 compared to January–February2016 (calendar adjusted) | February 2017 compared to | |
January 2017 (seasonally adjusted) |
February 2016 (calendar adjusted)
| ||
Total production | 7.6 | 3.3 | 10.6 |
Mining and quarrying | 14.8 | -2.2 | 11.2 |
Manufacturing | 6.2 | 0.4 | 4.6 |
Manufacture of food products | -1.5 | -0.8 | -4.2 |
Manufacture of beverages | 16.9 | 2.0 | 10.4 |
Manufacture of textiles | 0.2 | 1.1 | 3.6 |
Manufacture of wearing apparel | 2.8 | 6.5 | 13.9 |
Manufacture of wood and cork articles, except furniture | 5.1 | -6.0 | -1.0 |
Manufacture of chemicals and chemical products | 13.7 | 6.1 | 24.7 |
Manufacture of non-metallic mineral products | 4.5 | 0.8 | 4.9 |
Manufacture of fabricated metal products, except machinery and equipment | 9.8 | -5.2 | 3.2 |
Manufacture of computer, electronic and optical products | 24.6 | 15.6 | 34.8 |
Manufacture of electrical equipment | 14.8 | -7.3 | 9.2 |
Manufacture of machinery and equipment | 24.2 | -7.8 | 15.7 |
Manufacture of motor vehicles, trailers and semi-trailers | 14.8 | 9.3 | 17.4 |
Manufacture of furniture | 5.6 | -1.8 | 2.9 |
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 | 4.1 | 4.0 |
Electricity and gas supply | 11.6 | 10.7 | 28.4 |