Analytics, Industry, Latvia, Statistics

Compared to the corresponding month of 2018, the highest output rise was recorded in manufacture of electrical equipment (of 29.7%), manufacture of computer, electronic and optical products (23.7%), and manufacture of fabricated metal products, except machinery and equipment (17.8%). Output increase was also registered in the sector having the second largest share in manufacturing – manufacture of food products (of 2.1%).

Industrial production output drop, in turn, was observed in manufacture of chemicals and chemical products (of 16.3%), manufacture of wood and of products of wood and cork, except furniture (8.5%), and manufacture of furniture (5.5%).

Compared to June 2019, in July 2019 industrial production output reduced by 2.1%, according to seasonally adjusted data at constant prices. Decline was recorded in electricity and gas supply (of 9.1%) as well as mining and quarrying (3.1%), while output increase was observed in manufacturing (0.1%).

Changes in industrial production output
(as per cent, at constant prices)

Manufacturing turnover2

Compared to July 2018, in July 2019 manufacturing turnover increased by 0.6% (according to calendar adjusted data at current prices). Turnover on the domestic market went up by 1.1% and in export by 0.4% (of which drop of 2% in euro area and rise of 2.5% in non-euro area).

Compared to June 2019, in July 2019 manufacturing turnover fell by 1.1% (according to seasonally adjusted data). Turnover on the domestic market dropped by 1.8% and in export by 0.7% (of which by 0.2% in euro area and by 1.1% in non-euro area).

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.