Analytics, Industry, Latvia, Statistics

Compared to the previous year, production growth mainly was due to the production output increase in manufacture of motor vehicles, trailers and semi-trailers (of 21.2%) and manufacture of other non-metallic mineral products (of 18.8%). Rise was registered in the proportionally largest manufacturing sectors – manufacture of food products (of 6.0%), manufacture of wood and of products of wood (4.9%), and manufacture of fabricated metal products, except machinery and equipment (4.6%). Production and sale rise was recorded in manufacture of basic pharmaceutical products and pharmaceutical preparations.

In its turn, production output decline was observed in repair and installation of machinery and equipment (of 12.4%), manufacture of paper and paper products (11.8%), and manufacture textiles (4.4%).

Compared to September 2016, in October 2016 industrial production output grew by 2.4%, (according to seasonally adjusted data at constant prices); of which by 6.8% in mining and quarrying, by 0.8% in manufacturing, and by 13.5% electricity and gas supply.

Volume index of manufacturing (2010=100)

Manufacturing turnover

Compared to October 2015, in October 2016 industrial production turnover increased by 2.7%, according to calendar adjusted data at current prices. In domestic market turnover grew by 3.6% and in export by 1.7% (of which in euro area by 3.9% and in non-euro area by 0.3%).

Compared to September 2016, in October 2016 industrial production turnover rose by 0.3%, according to seasonally adjusted data. Turnover in the domestic market went up by 1.3%, whereas in export it fell by 0.8% (decline of 5.5% in euro area and rise of 2.4% in non-euro area).

Changes in turnover of selected manufacturing sectors in October 2016, as % of October 2015 (calendar adjusted data)