Analytics, Industry, Latvia, Statistics

Increase in manufacturing was significantly affected by the rise in manufacture of electrical equipment (of 31.9%), manufacture of computer, electronic and optical products(of 29.2%), and in manufacture of beverages (of 25.4%). Growth was observed also in two out of three sectors having the largest share in the industrial production – manufacture of food products and manufacture of fabricated metal products, except machinery and equipment (of 6.6% and 2.3%, respectively). In manufacture of wood and of products of wood and cork, in its turn, there was a drop of 1.4%.

Compared to the corresponding period of the previous year, industrial production output decline was recorded in repair and installation of machinery and equipment (of 3.3%), manufacture of machinery and equipment (1.9%) and manufacture of motor vehicles, trailers and semi-trailers (1.4%).

Compared to March 2017, in April 2017 industrial production output decreased by 0.3% (according to seasonally adjusted data at constant prices), of which by 0.9% in manufacturing, whereas in electricity and gas supply and in mining and quarrying there was a growth of 04 % and 8.4%, respectively.

Volume index of manufacturing (2010=100)

Changes in industrial production output, %
(at constant prices)

Manufacturing turnover²

Compared to April 2016, in April 2017 manufacturing turnover increased by 6.2% (according to calendar adjusted data at current prices).The turnover on the domestic market grew by 4.4% and in export by 8.2%.

Compared to March 2017, in April 2017 manufacturing turnover fell by 1.9% (according to seasonally adjusted data). The turnover in export declined by 4.7%, whereas on the domestic market it grew by 0. %.

More information on seasonally adjusted, calendar adjusted and non-adjusted industrial production volume and turnover indices (including by sector) is available in the CSB database section Industry.

Methodological explanations

¹The volume index of industrial production describes changes in the volume of industrial production during the reference period in comparison to the base period. The index is estimated by recalculating the production output indicator at constant prices with the help of producer price indices.

²The industrial turnover index measures the monthly development of market demand for industrial goods and services. It is calculated at current prices without excluding price influence. Unlike industrial goods that also include unfinished goods and goods in stock, turnover only includes the goods sold and industrial services provided.