Manufacturing turnover growth in July - 0.7%

08.09.2014

Latest data compiled by the Central Statistical Bureau of Latvia show that compared to June manufacturing turnover in July  20141 according to seasonally adjusted data (at current prices), grew by 0.7%, of which by 1.9% in export (increase in Eurozone of 5.1% and drop in Non-eurozone of 5.1%). In turn, in domestic market there was a decline of 0.2%.

As compared to the previous month turnover growth was recorded in  manufacture of computer, electronic and optical products – of 16.6% (increase in export - of 32.2%, in domestic market there was a decline of 16.3%), in manufacture of electrical equipment - of 11.9% (growth in export - 20.2%, decline in domestic market - 6.4%), in manufacture of beverages - of 11.5% (growth in export - 5.5% and in domestic market - 13.1%), in manufacture of wood and of products of wood and cork, except furniture - of 2.4% (growth in export - 7.6% and decrease in domestic market - 1.8%).

As compared to June turnover decline in July was recorded in manufacture of chemicals and chemical products – of 16.5%, which was affected by drop in export of 24.6% (in domestic market turnover grew by 1.2%), in printing and reproduction of recorded media - of 12.2% (drop in export of 18.1% and in domestic market - of 10.8%), in manufacture of wearing apparel – of 4.9% (drop in export – 0.7%, and in domestic market – of 16.1%) and in manufacture of food products of 1.6% (drop in export - 3.8%, and in domestic market - 0.8%).

Compared to July 2013, manufacturing turnover in industry according to calendar adjusted data decreased by 1.7%,of which in domestic market by 3.9%. In export there was a growth of 1.4% (of which in Eurozone - 3% and in Non-eurozone - 0.5%).

Changes in turnover of selected manufacturing sectors

in July 2014 as % of July 2013 (calendar adjusted data)

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

 

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

 

 

1Industrial turnover index characterises monthly changes in demand for industrial goods and services on the market. It includes turnover of  mining and quarrying, as well as of  industrial enterprises at current prices.Industrial turnover breakdown by domestic market and export is used as weights. Unlike industrial goods, turnover index is not defined, i.e, price changes are not taken into account. Turnover only includes own-produced goods sold and industrial services provided.