Analytics, Industry, Latvia, Markets and Companies
International Internet Magazine. Baltic States news & analytics
Friday, 29.03.2024, 09:12
In October, industrial production output in Latvia fell by 2%
Compared to the corresponding
month of the previous year, output increase was recorded in manufacture of
motor vehicles, trailers and semi-trailers (of 42.7%), manufacture of chemicals
and chemical products (25.4%), and manufacture of electrical equipment (17%).
Output increase was observed also in the manufacturing sectors having the
largest share in the industrial production: manufacture of wood and of products
of wood and cork (of 1.3%), manufacture of food products (2.1%), and
manufacture of fabricated metal products, except machinery and equipment (16.1%).
Compared to
September 2017, in October 2017 industrial production output fell by 2% (according to seasonally adjusted
data at constant prices), of which by 1.7% in mining and quarrying, by 21.1% in
electricity and gas supply, while in manufacturing there was an increase of 0.2%.
Changes in industrial production output (as per cent, at constant prices)
|
JAN–OCT 2017, compared to JAN–OCT 2016 (calendar
adjusted) |
October
2017, compared to |
|
September
2017 (seasonally adjusted) |
October
2016 (calendar adjusted) |
||
Total
production |
9.3 |
-2.0 |
5.4 |
Mining and
quarrying |
18.3 |
-1.7 |
10.7 |
Manufacturing |
8.1 |
0.2 |
5.9 |
Manufacture
of food products |
4.1 |
0.3 |
2.1 |
Manufacture
of beverages |
9.8 |
0.5 |
12.0 |
Manufacture
of textiles |
1.3 |
1.6 |
5.6 |
Manufacture
of wearing apparel |
9.9 |
2.3 |
12.8 |
Manufacture of wood and of products of wood and cork, except furniture |
2.5 |
-0.4 |
1.3 |
Manufacture of chemicals and chemical products |
19.5 |
4.0 |
25.4 |
Manufacture of non-metallic mineral products |
9.0 |
1.9 |
7.4 |
Manufacture of fabricated metal products, except machinery and equipment |
13.1 |
-1.8 |
16.1 |
Manufacture of computer, electronic and optical products |
18.7 |
-9.3 |
1.4 |
Manufacture
of electrical equipment |
23.1 |
6.4 |
17.0 |
Manufacture of machinery and equipment |
18.7 |
-6.2 |
11.8 |
Manufacture of motor vehicles, trailers and semi-trailers |
24.8 |
3.5 |
42.7 |
Manufacture
of furniture |
5.1 |
2.5 |
3.0 |
Repair and installation of machinery and equipment* |
1.4 |
-3.5 |
0.2 |
Electricity
and gas supply |
12.7 |
-21.1 |
3.0 |
·
repair and maintenance of ships and boats, repair of fabricated metal products,
machinery and equipment, installation of industrial machinery and equipment
Manufacturing turnover2
Compared to October 2016,
in October 2017 manufacturing turnover increased by 9.3% (according to
calendar adjusted data at current prices).Turnover on the domestic market grew
by 6.5% and in export by 12.4% (of which by 22.6% in euro area and by 5% in
non-euro area).
Compared to September 2017, in
October 2017 manufacturing turnover rose by 1.1% (according to seasonally
adjusted data). Turnover on the domestic market grew by 0.9% and in export by
1.4% (of which by 1.5% in euro area and by 1% in non-euro area).
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.