In 2013 manufacturing turnover rose by 1.9%

10.02.2014

Latest data compiled by the Central Statistical Bureau of Latvia show that, in 2013 manufacturing turnover1, according to calendar adjusted data (at current prices), compared to 2012, grew by 1.9%.

Turnover increase was mainly advanced by rise in domestic market by 5.5%, but in export there was a decrease of 2.2%. The most notable turnover increase was recorded in manufacture of furniture - of 21% (in domestic market - of 37.6%, in export - of 6.4%), in manufacture of computer, electronic and optical products - of 19.3% (in domestic market - of 21.5%, in export - of 18.4%) and in manufacture of textiles – of 15.3% (in domestic market - of 13.5%, in export - of 16.4%).

Total turnover increase, both in domestic market and in export, was observed also by share in largest manufacturing sectors: in manufacture of food products - of 9.3%, in wood processing - of 7.9% and in metalworking - by 2.2%. But the largest turnover decrease was in manufacture of basic metals - of 56% which was affected by discontinued economic activity of "Liepājas metalurgs".

Changes in turnover of selected manufacturing sectors

in 2013 as % of 2012 (calendar adjusted data)

Data source : Central Statistical Bureau of Latvia

In the 4th quarter of 2013, compared to the same period of the previous year, according to calendar adjusted data, manufacturing turnover rose by 3.6% and rise was influenced by domestic market - increase of 9.1%, while in export there was a reduction of 2.8%.

In the fourth quarter of 2013, compared to the third quarter of 2013, manufacturing turnover, according to seasonally adjusted data, increased by 2.9%, of which in domestic market - by 2.8% and in export - by 3%.

In December 2013, compared to December 2012, according to calendar adjusted data, manufacturing turnover rose by 1.2%, of which in domestic market - by 4.4%, while in export there was a decrease of 2.8%.

In December 2013, according to seasonally adjusted data, compared to November 2013, manufacturing turnover dropped by 1.9%, of which in domestic market - by 4.1%, but in export there was an increase of 0.9%.

More information on seasonally adjusted, calendar adjusted and non-adjusted industrial production turnover indices is available in CSB data base.

 

More information:
Industrial Statistics Section
Irēna Bekmane
Tel. +371 67366830

 



1 Industrial turnover index measures monthly development of market demand for industrial goods and services.