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Monday 26.02.2018 | Name days: Mētra, Evelīna, Aurēlija
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Industrial production output up by 3.1%

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Compared with August 2012, according to seasonally adjusted data at constant prices, industrial production volume diminished by 2.8%, in September 2012. Of which in manufacturing by 3.1%, in electricity and gas supply – by 0.6%, while mining and quarrying industry had an increase of 0.8%.

Reduction in industrial production was significantly influenced by the drop of demand in construction-related sectors, e.g., in manufacture of other non-metallic mineral products (bricks, asphalt concrete, cement etc.) –5.1%, in the manufacturing of rubber and plastic products (reduction in manufacture of architectural elements) – 11.7%, in the manufacturing of fabricated metal products (metal structures) – of 3.9%, in manufacture of chemicals and chemical products – of 47.4% (most notable reduction was recorded in the manufacturing of bio-oil because of the lack of raw materials), as well as 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) – 18.3%, as the data from the Central Statistical Bureau of Latvia states.

Compared with September 2011, industrial production output in September 2012 increased by 3.1%, according to calendar adjusted data at constant prices. Of which in manufacturing – by 4.5%, while in mining and quarrying as well as in electricity and gas supply there was a decrease of 1.4% and 1.1%, respectively. Rise in the manufacturing output was mainly influenced by the sub-sectors of manufacturing of food products, manufacturing of basic metals, manufacturing of non-metallic mineral products, as well as repair and installation of machinery and equipment.

As compared to Q2 of 2012 industrial production output increased by 2.3% in Q3 of 2012, according to seasonally adjusted data at constant prices. Of which in manufacturing – by 1.6%, in mining and quarrying – by 8.9%, and in electricity and gas supply – by 1.2%.

In comparison with the corresponding quarter of the previous year, industrial production output in Q3 of 2012 rose by 5.9%, according to calendar adjusted data at constant prices. Of which in manufacturing – by 8.1%, while in mining and quarrying as well as in electricity and gas supply there was a decrease of 1.1% and 1.3%, respectively.

Compared with the corresponding period of the previous year, industrial production output in nine months of 2012 increased by 6.4%, according to calendar adjusted data at constant prices. Of which in manufacturing – by 10%, in mining and quarrying – by 3.5%, while in electricity and gas supply there was a decrease of 4.6%.

Ref: 102.109.109.4643


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