Industrial production in January 2013 has reduced by 3.5%, according to seasonally adjusted data at constant prices. Of which in manufacturing by 3.6%, in electricity and gas supply – by 0.9%, whereas in mining and quarrying there was an increase of 4.4%, as reported by the Central Statistical Bureau of Latvia.
The most notable reduction in the industrial production output, as compared to December, was recorded in 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) – of 18.3%, in manufacture of basic pharmaceutical products and pharmaceutical preparations – of 17.1%, and in manufacture of chemicals and chemical products – of 7.8%. In its turn, output in the manufacture of food products rose by 2.8%, in manufacture of fabricated metal products, except machinery and equipment – by 9.6% and in manufacture of basic metals – by 6.1%.
Compared to January of the previous year, industrial production output in January 2013 increased by 1.9%, according to calendar adjusted data at constant prices. Rise in the industrial production output was observed in electricity and gas supply (of 6.7%), while in mining and quarrying there was a reduction of 1.2%; whereas, output in manufacturing remained at the level of the previous year.
The highest rise among manufacturing sectors having the largest share in industrial production output was recorded in manufacture of food products – of 10.2%. Growth was observed also in manufacture of furniture and manufacture of electrical equipment – of 12.8% and 22.2%, respectively. Whereas reduction in the industrial production output was recorded in manufacture of wood and wood products – of 6%, in repair and installation of machinery and equipment – of 39.2%, in the manufacturing of motor vehicles, trailers and semi-trailers – of 9.8%, and in pharmaceuticals sector and chemical industry – of 9.3% and 6.7%, correspondingly. It mainly can be explained with the high base of the January of the previous year, especially in wood processing and repairs.
In January of this year, as compared to January of the year before, mechanical engineering and metal processing sectors have been the most successful. Out of six sectors growth in the production output was recorded in four, while reduction was observed in manufacture of motor vehicles, trailers and semi-trailers and manufacture of other transport equipment (building of ships and boats, manufacture of railway locomotives and rolling stock).