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Industrial production output in Latvia decreased by 1.2% in April; annual growth – 3.8%

Ramona Skakunova, Statistics Latvia, 04.06.2012.Print version
In April 2012 industrial production output (1) (at current prices) comprised LVL 428.7 million, according to the data of Central Statistical Bureau. In comparison with March 2012, industrial production output in April 2012 has decreased by 1.2%, but compared to April of previous year, it has increased by 3.8%.

In comparison with March 2012, industrial production output in April 2012 (according to seasonally adjusted data at constant prices) has decreased by 1.2%, of which in manufacturing by 1.4%, in electricity and gas supply – by 1.7%, whereas in mining and quarrying there was a growth of 4.1%.


Industrial production volume index (2005=100)

Compared to April of previous year, industrial production output in April 2012 at constant prices has increased by 3.8%, according to calendar adjusted data. Of which in mining and quarrying – by 27.9%, in manufacturing – by 8.5%, while in electricity and gas supply there was a decrease of 11.8%.


Most notable rise in manufacturing sector was observed in repair and installation of machinery and equipment – 2.2 times, in other manufacturing (manufacture of medical and dental instruments and supplies, manufacture of games and toys, manufacture of sports goods etc.) – of 42.4%, as well as in manufacture of chemicals and chemical products – of 30.6%. Whereas reduction was observed in manufacture of other transport equipment (building of ships and boats, manufacture of railway locomotives and rolling stock) – of 50%, in manufacture of basic pharmaceutical products and pharmaceutical preparations – of 15.4%, and in manufacture of computer, electronic and optical products – of 10.6%.


Changes in volume of industrial production, % (at constant prices)

 

 April 2012

compared to

March 2012

(seasonally adjusted)

April 2011 (calendar adjusted)

All production

-1.2

3.8

Mining and quarrying

4.1

27.9

Manufacturing

-1.4

8.5

Manufacture of food products

-0.9

-2.5

Manufacture of textiles

1.1

1.2

Manufacture of wearing apparel

3.8

-7.2

Manufacture of wood and cork articles, except furniture

-0.9

9.8

Manufacture of chemicals and chemical products

15.0

30.6

Manufacture of basic pharmaceutical products and pharmaceutical preparations

-16.4

-15.4

Manufacture of other non-metallic mineral products

-3.3

0.2

Manufacture of basic metals

-10.4

27.2

Manufacture of fabricated metal products, except machinery and equipment

-4.7

12.7

Manufacture of computer, electronic and optical products

-6.1

-10.6

Manufacture of electrical equipment

4.0

6.8

Manufacture of motor vehicles, trailers and semi-trailers

3.2

20.6

Manufacture of other transport equipment (building of ships and boats, manufacture of railway locomotives and rolling stock)

-12.2

-50.0

Manufacture of furniture

-0.4

-3.4

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)

1.0

116.3

Electricity and gas supply

-1.7

-11.8

 

More information on seasonally adjusted, calendar adjusted and non-adjusted industrial production volume indices is available in the data base of CSB: see here

___________
1 Data are compiled on economically active enterprises, which in industrial production employ 20 and more persons, or in which industrial turnover previous year exceeded LVL 300 thousand.
Industrial production volume in accordance with the Statistical Classification of Economic Activities NACE Rev. 2 includes mining and quarrying, manufacturing and electricity, gas, steam and air conditioning supply, except steam and air conditioning supply.




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