Manufacturing turnover witnessed 2.5% growth in April

08.06.2015

Latest data compiled by the Central Statistical Bureau of Latvia show thatcompared to March, manufacturing turnover1 in April 2015, according to seasonally adjusted data (at current prices), grew by 2.5%, which was affected by growth of 6.1% in export (of which increase in Eurozone of 0.3% and in Non-eurozone of 10%). In turn, in domestic market there was a decline of 0.6%.

Turnover growth in export was promoted by growth of sales in manufacture of other transport equipment (building of ships and boats, manufacture of railway locomotives and rolling stock), in manufacture of chemicals and chemical products, and in manufacture of basic metals.

Compared to April 2014 manufacturing turnover in April 2015 according to calendar adjusted data increased by 1.2%, which was affected by growth in export of 10.6% (of which in Eurozone of 23.6%, and in Non-eurozone - of 3%), while domestic market witnessed a drop of 6.6%.

Turnover growth in both markets was recorded also in manufacture of other transport equipment, in manufacture of computer, electronic and optical products, and in manufacture of chemicals and chemical products.

Changes in turnover of selected manufacturing sectors in April 2015, as % of April 2014 (calendar adjusted data)

Data source: Central Statistical Bureau of Latvia

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

Industrial Turnover Index characterises monthly changes in demand for industrial goods and services on the market. It is calculated as a non-deflated (at current prices, not excluding the effect of prices) weighted index, using industrial turnover in breakdown in domestic market and exports as the weights. Unlike industrial goods that also include unfinished goods and goods in stock, turnover only includes the goods sold and industrial services provided.

 

More information:
Industrial and Construction Statistics Section
Irēna Bekmane
+371 67366830