Analytics, Industry, Latvia, Markets and Companies

International Internet Magazine. Baltic States news & analytics Sunday, 22.12.2024, 03:18

Industrial production output in Latvia increased by 18% in July y-o-y

Ramona Skakunova, Statistics Latvia, 03.09.2010.Print version
In July 2010 industrial production output1 (at current prices) comprised LVL 339.2 mln, according to the data of Central Statistical Bureau. Compared to June 2010 industrial production volume in July 2010 grew by 2.3%, but compared to July of previous year it has increased by 18%.

Compared to June 2010 industrial production volume in July 2010 grew by 2.3%, according to seasonally adjusted data at constant prices. Of which in manufacturing – by 2.7%, in mining and quarrying – by 0.8%, but in electricity and gas supply – by 0.6%.

 

Industrial production volume index (2005=100)

 

Compared to July of previous year industrial production output in July 2010 at constant prices has increased by 18%, according to working day adjusted data. Of which in manufacturing – by 18.7%, in mining and quarrying – by 16.4%, but in electricity and gas supply – by 12.9%.

 

Most notable rise of industrial production output was recorded in the manufacture of basic pharmaceutical products and pharmaceutical preparations – by 89.9%, in the manufacture of electrical equipment – by 75.3% and in the manufacture of vehicles, trailers and semi-trailers – by 57.8%.


Changes in volume of industrial production in July 2010 (at constant prices)

 

I – VII 2010 as% over
I – VII 2009
(working day adjusted)2

VII 2010 as % over

VI 2010
(seasonally adjusted)3

VII 2009
(working day adjusted)

All production

11.0

2.3

18.0

Mining and quarrying

10.5

0.8

16.4

Manufacturing

10.2

2.7

18.7

Manufacture of food products

-2.5

0.0

1.5

Manufacture of textiles

11.5

21.7

27.5

Manufacture of wearing apparel

2.0

34.5

38.9

Manufacture of wood and cork articles, except furniture

34.6

1.7

27.3

Manufacture of chemicals and chemical products

30.8

-8.4

3.3

Manufacture of basic pharmaceutical products and pharmaceutical preparations

-13.5

0.2

89.9

Manufacture of other non-metallic mineral products

-7.4

8.5

24.9

Manufacture of basic metals

16.7

-5.3

23.7

Manufacture of fabricated metal products, except machinery and equipment

12.2

3.6

42.1

Manufacture of computer, electronic and optical products

12.1

-2.1

24.8

Manufacture of electrical equipment

23.6

-18.0

75.3

Manufacture of furniture

-6.5

0.2

-5.8

Electricity and gas supply

15.1

0.6

12.9

 

More information on seasonally adjusted, working day 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 thsd.

 

Industrial production volume in accordance with the Statistical Classification of Economic Activities NACE 2.rev. includes Mining and quarrying, Manufacturing and Electricity, gas, steam and air conditioning supply, except steam and air conditioning supply.

2 The influence of varying number of working days during the month is averted. This indicator was calculated only for comparison with corresponding period of previous year.

³ The influence of varying number of working days in the month and factors of seasonal repetition, i.e., seasonal fluctuations of goods produced in selected economic activities, has been eliminated. This indicator was calculated only for comparison with previous year.






Search site