In October, manufacturing turnover has grown by 1.3%

09.12.2015

Latest data compiled by the Central Statistical Bureau (CSB) show that compared to September manufacturing turnover1 in October 2015 according to seasonally adjusted data (at current prices) increased by 1.3%. Growth of 4.1% was recorded in export, of which – of 1.4% in Eurozone, but – of 4.9% in Non-eurozone. In turn, in domestic market turnover decreased by 1.2%.

There was an increase in turnover of manufacture of electrical equipment – of 19.9%, in manufacture of fabricated metal products, except machinery and equipment – of 5.4% and in wood processing – of 2.9%.

In turn, turnover decrease as compared to the previous month was observed in manufacture of chemicals and chemical products – of 19.1%, in manufacture of computer, electronic and optical products – of 8.6% and in manufacture of furniture – of 7.9%.

Compared to October 2014 manufacturing turnover in industry in October 2015 according to calendar adjusted data decreased by 1%, which was affected by drop of turnover of 4.9% in domestic market. But growth of 3.6% was recorded in export, of which increase of 36% in Eurozone, and of 12.4% in Non-eurozone.

Changes in turnover of selected manufacturing sectors in October 2015, as % of October 2014 (as per cent, 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.

1 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.

 

Media requests:

Beate Danusēviča, Kristīne Romanovska
Information and Communication Section
media [at] csb [dot] gov [dot] lv
Tel.: +371 67366924, +371 67366621, +371 27880666
@CSB_Latvia 
 /csplatvija

 

More information on data:

Irēna Bekmane
Industrial and Construction Statistics Section
Irena [dot] bekmane [at] csb [dot] gov [dot] lv
Tel. +371 67366830