In November, manufacturing turnover rose by 0.1 %

08.01.2016

Latest data compiled by the Central Statistical Bureau of Latvia (CSB) show that, compared to October, manufacturing turnover1 in November 2015 increased by 0.1 %, according to seasonally adjusted data at current prices. Turnover rise in export comprised 0.7 % (of which 4.6 % in Eurozone, while in Non-eurozone there was a decline of 2.2 %), whereas domestic market witnessed a decrease of 0.5 %.

In comparison with October, turnover increase in November 2015 was recorded in manufacture of computer, electronic and optical products (of 17.8 %), in manufacture of motor vehicles, trailers and semi-trailers (of 12.8 %), in manufacture of furniture (of 8.8 %), and in manufacture of beverages (of 3.7 %).

Turnover reduction in November of previous year, as compared to October, was observed in manufacture of electrical equipment (of 20.1 %), as well as in repair and installation of machinery and equipment (of 14.4 %). Drop was also recorded in sectors having the largest share in industrial production: wood processing (of 2.6 %), manufacture of fabricated metal products, except machinery and equipment (of 2.5 %), and in manufacture of food products (of 0.3 %).

In comparison with November 2014, manufacturing turnover, affected by a drop in turnover of 6.1 % in domestic market, decreased by 0.3 %, according to calendar adjusted data. Growth of 7 % was recorded in export, of which 39.1 % in Eurozone, and decline of 10.1 % in Non-eurozone.

Changes in turnover of selected manufacturing sectors in November 2015, compared to November 2014 (per cent, calendar adjusted data)

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

1Industrial 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.

 

 

 

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More information on data:
Irēna Bekmane
Industrial and Construction Statistics Section
Irena [dot] Bekmane [at] csb [dot] gov [dot] lv
Tel:. +371 67366830