Analytics, Industry, Latvia, Markets and Companies
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Tuesday, 19.03.2024, 04:05
In September, level of producer prices in Latvian industry increased by 0.3%
Prices of
products exported to euro area countries rose by 0.7%, whereas prices of products
exported to non-euro area countries fell by 0.2%.
Over the month,
upward pressure on the producer price changes was mainly exerted by manufacture
of wood and of products of wood and cork, except furniture, as well as
manufacture of food products, whereas price changes in manufacture of computer,
electronic and optical products, steam and air conditioning supply as well as
production of electricity had downward effect.
Producer price
changes in September 2017 (as %)
|
Weights |
Price changes in September 2017, compared to |
|
August
2017 |
September
2016 |
||
Industrial
production – total |
100.0 |
0.3 |
3.3 |
Mining and
quarrying |
2.6 |
-0.9 |
-0.2 |
Manufacturing |
78.1 |
0.4 |
4.1 |
Electricity, gas, steam and air conditioning supply |
15.3 |
-0.4 |
-0.5 |
Water supply; sewerage, waste management and remediation activities |
4.0 |
0.3 |
7.3 |
Products sold on the domestic market |
100.0 |
0.3 |
3.5 |
Mining and
quarrying |
1.9 |
-0.4 |
2.7 |
Manufacturing |
59.4 |
0.7 |
5.5 |
Electricity, gas, steam and air conditioning supply |
31.5 |
-0.4 |
-0.5 |
Water supply; sewerage, waste management and remediation activities |
7.2 |
0.1 |
7.4 |
Exported
products |
100.0 |
0.2 |
3.1 |
Mining and
quarrying |
3.3 |
-1.1 |
-1.7 |
Manufacturing |
95.7 |
0.3 |
3.2 |
Water supply; sewerage, waste management and remediation activities |
1.0 |
1.7 |
6.4 |
In September 2017,
compared to September 2016, the average level of producer prices in
Latvian industry increased by 3.3%. The level of prices of products sold on the domestic market went up by 3.5%
and that of exported productsby 3.1%. Prices of products exported to euro area
countries rose by 4.0% and of products exported to non-euro area countries – by
2.4%.
The most significant impact
was made by the price increase in manufacture of food products, manufacture of
wood and of products of wood and cork, except furniture, as well as in waste
collection, treatment and disposal activities; materials recovery. Price
changes in production and distribution of electricity had the greatest lowering
effect.
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 CSB website section Producer Prices – Key Indicators.
Information on
producer price changes in industry in October 2017 will be published on
22 November.