Analytics, Economics, Industry, Latvia, Statistics
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Thursday, 25.04.2024, 12:36
In May, industrial production in Latvia output grew by 5.1 %
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Increase in the manufacturing sector was recorded in manufacture of computer, electronic and optical products – of 24.8%, manufacture of fabricated metal products, except machinery and equipment – of 19.6%, repair and installation of machinery and equipment – of 17.1%, and manufacture of wood and of products of wood – of 6.0%. Whereas drop in industrial production output was observed in manufacture of electrical equipment – of 12.2 %, manufacture of wearing apparel – of 9.2%, and manufacture of food products – of 1.5%.
Compared to April, in May 2016 industrial production volume rose by 2.4% (according to seasonally adjusted data at constant prices), of which in manufacturing – by 2.9% and in electricity and gas supply – by 2.8%, whereas in mining and quarrying there was a decline of 1.8%.
Volume index of manufacturing (2010=100)
Changes in industrial production output, %
(at constant prices)
| January–May 2016 compared to January–May 2015 (calendar adjusted) | May 2016 compared to | |
April 2016 (seasonally adjusted) | May 2015 (calendar adjusted) | ||
Total industrial production | 3.1 | 2.4 | 5.1 |
Mining and quarrying | -3.2 | -1.8 | -2.9 |
Manufacturing | 2.2 | 2.9 | 5.3 |
Manufacture of food products | -1.8 | 2.4 | -1.5 |
Manufacture of textiles | 10.8 | 4.8 | 9.2 |
Manufacture of wearing apparel | -4.1 | -6.3 | -9.2 |
Manufacture of wood and cork articles, except furniture | 8.9 | -1.6 | 6.0 |
Manufacture of chemicals and chemical products | -3.2 | 17.2 | 6.1 |
Manufacture of non-metallic mineral products | 7.1 | -1.3 | 2.4 |
Manufacture of fabricated metal products, except machinery and equipment | 7.6 | 6.3 | 19.6 |
Manufacture of computer, electronic and optical products | 8.5 | -6.0 | 24.8 |
Manufacture of electrical equipment | -4.4 | -3.5 | -12.2 |
Manufacture of machinery and equipment | 6.7 | -5.0 | 5.5 |
Manufacture of motor vehicles, trailers and semi-trailers | 1.8 | -4.2 | 2.0 |
Manufacture of furniture | 2.1 | -0.2 | 1.6 |
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) | -15.6 | 13.5 | 17.1 |
Electricity and gas supply | 8.8 | 2.8 | 4.8 |
Manufacturing turnover
Compared to May 2015, in May 2016 manufacturing turnover increased by 1.2% (according to calendar adjusted data at current prices), of which by 1.0% in domestic market and by 1.4% in export (of which a rise of 9.9% in euro area and drop of 4.7% in non-euro area).
Compared to April, in May 2016 manufacturing turnover grew by 1.0% (according to seasonally adjusted data), of which by 0.7% in domestic market and by 1.4% in export (of which rise of 2.3% in non-euro area zone and decline of 0.1% in euro area).
Changes in turnover of selected manufacturing sectors in May 2016, as % of May 2015
(calendar adjusted data)
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