Analytics, Good for Business, Industry, Latvia, Markets and Companies

Of which in manufacturing – by 11.5%, in mining and quarrying – by 8%, and in electricity and gas supply – by 0.9%. The growth in industrial production mainly was stimulated by the successful work of wood processing and metalworking sectors as well as enterprises engaged in repair and installation of machinery and equipment.

The most notable growth of industrial production in manufacturing was recorded in manufacture of motor vehicles, trailers and semi-trailers – of 59.7%, in manufacture of electrical equipment – of 48.1%, and in manufacture of machinery and equipment – of 37.1%. Whereas reduction in 2011, if compared to 2010, was observed in 4 sectors: manufacture of chemicals and chemical products, manufacture of beverages, manufacture paper and paper products, other manufacturing (manufacture of medical and dental instruments and supplies, manufacture of games and toys, manufacture of sports goods etc.)

Industrial production volume index (2005=100)

In comparison with 3^rd quarter of 2011, industrial production output in the 4^th quarter of 2011 has decreased by 0.5%, according to seasonally adjusted data at constant prices. Of which in mining and quarrying – by 0.4%, in electricity and gas supply – by 5%, whereas manufacturing there was an increase of 1.9%.

Compared to corresponding quarter of previous year, industrial production output in the 4^th quarter of 2011 has risen by 5.6%, according to calendar adjusted data at constant prices. Of which in manufacturing – by 9.1%, in mining and quarrying – by 24%, but in electricity and gas supply there was a decrease of 6.8%.

In comparison with November 2011, industrial production output in December 2011 has reduced by 2.4%, according to seasonally adjusted data at constant prices, of which in manufacturing – by 1.6%, in mining and quarrying – by 9% and in electricity and gas supply – by 4.9%.

Compared to December a year before, industrial production output in December 2011 has increased by 3.2%, according to calendar adjusted data at constant prices. Of which in mining and quarrying – by 53.1%, in manufacturing – by 9.6%, but in electricity and gas supply there was a decrease of 14.9%.

Changes in volume of industrial production (at constant prices)

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

¹ Data are compiled on economically active enterprises employing 20 and more persons in industrial production or industrial turnover in which 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.