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Saturday, 20.04.2024, 14:50
In April, industrial production output in Latvia grew by 0.9%
Compared to the corresponding month of the previous year, manufacturing output was recorded in manufacture of motor vehicles, trailers and semi-trailers (of 34.3%), manufacture of electrical equipment (10.6%), manufacture of furniture (10.8%), as well as manufacture of basic pharmaceutical products and pharmaceutical preparations. Output increase was registered also in two out of three sectors having the largest share in manufacturing: manufacture of wood and of products of wood and cork, except furniture (of 2.6%) and manufacture of fabricated metal products, except machinery and equipment (7.9%).
Output decline, in turn, was observed in manufacture of food products (1.8%), manufacture of computer, electronic and optical products (10.9%), manufacture of beverages (9.3%), manufacture of paper and paper products (3.7%), printing and reproduction of recorded media (3.5%), repair and installation of machinery and equipment (3.2%), and manufacture of other transport equipment.
Compared to March 2018, in April 2018 industrial production output rose by 0.2% (according to seasonally adjusted data at constant prices), of which in manufacturing by 0.2%, in mining and quarrying by 2.3% and in electricity and gas supply by 1.1%.
Changes in industrial production output (as %, at constant prices)
|
January–April 2018 compared to January–April 2017(calendar adjusted) |
April 2018 compared
to |
|
March 2018
(seasonally adjusted) |
April 2017 (calendar adjusted) |
||
Total
production |
3.5 |
0.2 |
0.9 |
Mining and quarrying |
-4.7 |
2.3 |
-9.2 |
Manufacturing |
3.8 |
0.2 |
2.2 |
Manufacture of food products |
0.8 |
-0.5 |
-1.8 |
Manufacture of beverages |
-10.5 |
10.9 |
-9.3 |
Manufacture of textiles |
-1.8 |
3.8 |
1.7 |
Manufacture of wearing apparel |
2.0 |
-7.7 |
-0.1 |
Manufacture of wood and of products of wood and cork, except furniture |
1.9 |
0.4 |
2.6 |
Manufacture of chemicals and chemical products |
12.2 |
18.0 |
2.6 |
Manufacture of paper and paper products |
5.7 |
-11.6 |
-3.7 |
Printing and reproduction of recorded media |
-1.1 |
-0.6 |
-3.5 |
Manufacture of other non-metallic mineral products |
12.0 |
-0.6 |
7.5 |
Manufacture of fabricated metal products, except machinery and equipment |
10.8 |
-0.9 |
7.9 |
Manufacture of computer, electronic and optical products |
-3.9 |
-3.3 |
-10.9 |
Manufacture of electrical
equipment |
18.5 |
-4.8 |
10.6 |
Manufacture of machinery and equipment |
12.6 |
-9.1 |
8.8 |
Manufacture of motor vehicles, trailers and semi-trailers |
30.7 |
3.4 |
34.3 |
Manufacture of furniture |
7.5 |
1.0 |
10.8 |
Repair and installation of machinery and equipment* |
-6.6 |
14.8 |
-3.2 |
Electricity and gas supply |
4.0 |
1.1 |
-0.7 |
* 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 April 2017, in April 2018 manufacturing turnover increased by 6.4% (according to calendar adjusted data at current prices). Turnover on the domestic market went up by 8.2% and in export by 5.5% (of which by 6.6% in euro area and by 4.5% in non-euro area).
Compared to March 2018, in April 2018 manufacturing turnover dropped by 3.0% (according to seasonally adjusted data). Turnover on the domestic market fell by 2.6% and in export by 3.2% (of which by 9.8% in euro area and by 0.6% 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
1 The 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.
2 The 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.