Analytics, Industry, Latvia, Markets and Companies
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Friday, 19.04.2024, 21:02
In July, the level of producer prices in Latvian industry grew by 0.4%
Print versionDuring the month, changes in
producer prices were mainly affected by a price increase in the manufacture of
wood and of products of wood and cork, except furniture, as well as in the
manufacture of food products. A lowering effect on the prices could be observed
in the manufacture of fabricated metal products, except machinery and
equipment, in distribution of electricity, as well as in steam and air
conditioning supply.
Producer price changes in July 2017, as %
|
|
Weights
(%) |
Price changes (%) July 2017 compared to |
||
|
June 2017 |
July 2016 |
|||
|
Industrial
production – total |
100.0 |
0.4 |
3.6 |
|
|
|
Mining and
quarrying |
2.6 |
0.3 |
1.4 |
|
|
Manufacturing |
78.1 |
0.5 |
3.9 |
|
|
Electricity, gas, steam and air conditioning supply |
15.3 |
-0.4 |
2.3 |
|
|
Water supply; sewerage, waste management and remediation activities |
4.0 |
0.8 |
6.2 |
|
Products sold on the domestic market |
100.0 |
0.5 |
3.9 |
|
|
|
Mining and
quarrying |
1.9 |
0.2 |
3.7 |
|
|
Manufacturing |
59.4 |
0.9 |
4.5 |
|
|
Electricity, gas, steam and air conditioning supply |
31.5 |
-0.4 |
2.3 |
|
|
Water supply; sewerage, waste management and remediation activities |
7.2 |
1.0 |
6.3 |
|
Exported
products |
100.0 |
0.3 |
3.4 |
|
|
|
Mining and
quarrying |
3.3 |
0.3 |
0.2 |
|
|
Manufacturing |
95.7 |
0.3 |
3.5 |
|
|
Water supply; sewerage, waste management and remediation activities |
1.0 |
-0.3 |
5.6 |
Compared to July 2016, in
July 2017 the average level of producer prices in Latvian industry
increased by 3.6%. The prices of
products sold on the domestic market increased by 3.9%, while those of exported
products grew by 3.4%. The prices of products exported to euro area countries
rose by 4.4% and of products exported to non-euro area countries – by 2.7%.
The most significant impact
was caused by a price increase in the manufacture of food products, in the
manufacture of wood and of products of wood and cork, except furniture, in
distribution of electricity, in steam and air conditioning supply, as well as
in distribution of gaseous fuels through mains. The greatest lowering effect
was experienced in the production and trade of electricity, as well as in the
manufacture of textiles.
This year information on
producer prices in industry is provided by more than 610 enterprises, which
inform the CSB about approximately 2.6 thousand prices every month – 1.4
thousand of which are related to products and industrial services sold on the
domestic market, and 1.2 thousand relating to prices on the export markets,
with the respective information being then used for index calculations.
More information on producer
price changes is available in the Producer Prices – Key Indicators section of the CSB website.
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