Analytics, Industry, Latvia, Statistics

International Internet Magazine. Baltic States news & analytics Wednesday, 22.05.2019, 22:08

In 2018, industrial production output grew by 2 %

Mārīte Baranova Industrial and Construction Statistics Section, 05.02.2019.Print version
Data compiled by the Central Statistical Bureau (CSB) show that, compared to 2017, in 2018 industrial production output increased by 2% (according to calendar adjusted data at constant prices). In mining and quarrying industrial production output rose by 4.3%, in manufacturing by 3.4%, while in electricity and gas supply there was a decrease of 1.9%.

Compared to December 2017, in December 2018 industrial production output grew by 4.5% (according to calendar adjusted data at constant prices). Production output rise in manufacturing constituted 5.1%, in mining and quarrying 9.4%, and electricity and gas supply 0.6%.

Compared to December 2017, the largest output increase was recorded in manufacture of computer, electronic and optical products (of 30.7%) and in manufacture of electrical equipment (of 22.9%). Industrial production output increase also was recorded in the sectors having the largest share in manufacturing: manufacture of wood and of products of wood and cork, except furniture (by 9%), and manufacture of fabricated metal products (12.7%), while output of manufacture of food products did not change.

Production output decline, in turn, was registered in manufacture of paper and paper products (of 14.2%), manufacture of furniture (13.6%), as well as repair and installation of machinery and equipment (11.4%).

Compared to November, in December 2018 industrial production output went up by 3.3% (according to seasonally adjusted data at constant prices), of which in manufacturing by 1%, in electricity and gas supply by 9.7%, whereas in mining and quarrying there was a drop of 1.4%.

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