Analytics, Industry, Latvia, Markets and Companies
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Friday, 29.03.2024, 06:45
In October, the level of producer prices in Latvian industry fell by 0.2%
Over the month,
downward pressure on the producer price changes was mainly exerted by steam and
air conditioning supply as well as distribution of electricity, whereas
manufacture of wood and of products of wood and cork, except furniture had
upward effect.
Producer price changes in October 2017 (as %)
|
Weights |
Price changes in October 2017, compared to |
|
September 2017 |
October
2016 |
||
Industrial
production – total |
100.0 |
-0.2 |
3.5 |
Mining and
quarrying |
2.6 |
0.7 |
0.6 |
Manufacturing |
78.1 |
0.0 |
4.1 |
Electricity, gas, steam and air conditioning supply |
15.3 |
-1.5 |
0.2 |
Water supply; sewerage, waste management and remediation activities |
4.0 |
0.0 |
7.9 |
Products sold on the domestic market |
100.0 |
-0.5 |
3.8 |
Mining and
quarrying |
1.9 |
0.3 |
1.9 |
Manufacturing |
59.4 |
0.0 |
5.4 |
Electricity, gas, steam and air conditioning supply |
31.5 |
-1.5 |
0.2 |
Water supply; sewerage, waste management and remediation activities |
7.2 |
-0.4 |
7.2 |
Exported
products |
100.0 |
0.1 |
3.2 |
Mining and
quarrying |
3.3 |
1.0 |
-0.2 |
Manufacturing |
95.7 |
0.0 |
3.2 |
Water supply; sewerage, waste management and remediation activities |
1.0 |
2.8 |
13.1 |
In October 2017, compared to October 2016, the average level of
producer prices in Latvian industry increased by 3.5%.The level of prices of products sold on the domestic market went up by 3.8%
and that of exported products by 3.2%. Prices of products exported to euro area
countries rose by 4.8% and of products exported to non-euro area countries by
2.2%.
The most
significant impact was made by the price increase in manufacture of food
products, manufacture of wood and of products of wood and cork, except
furniture, as well as in waste collection, treatment and disposal activities;
materials recovery. Price changes in manufacture of computer, electronic and
optical products, as well as manufacture of beverages, in turn, had the
greatest lowering effect.
This year, information on
producer prices in industry is provided by more than 610 enterprises, which
inform the CSB about approximately 2.6 thousand prices every month – 1.4
thousand of which are related to products and industrial services sold on the
domestic market and 1.2 thousand relating to prices on the export markets,
with the respective information being then used for index calculations.
More information
on producer price changes is available CSB website section Producer Prices – Key Indicators.
Information on
producer price changes in industry in November 2017 will be published on
21 December.