In October, manufacturing turnover has grown by 1.5%
Latest seasonally adjusted data (at current prices) compiled by the Central Statistical Bureau of Latvia show that, compared to September 2013, manufacturing turnover in October 2013 has increased by 1.5%, of which by 2.5% in domestic market and by 0.3% in export. Manufacturing turnover1characterises monthly changes in demand for industrial goods and services on the market.
In comparison with the previous month, the most notable turnover rise was recorded in repair and installation of machinery and equipment (repair and maintenance of ships and boats, repair of fabricated metal products, machinery and equipment, installation of industrial machinery and equipment) – of 24.2% (of 4.7% in domestic market and 2.4 times in export), in manufacture of computer, electronic and optical products – of 14.5% (of 1% in domestic market and of 21.9% in export), and in manufacture of motor vehicles, trailers and semi-trailers – of 12% (of 10% in domestic market and of 13% in export).
As compared to September 2013, turnover drop was observed in manufacture of other transport equipment (building of ships and boats, manufacture of railway locomotives and rolling stock) – of 28.1% (reduction in export, whereas increase in domestic market), in manufacture of electrical equipment – of 16% (decrease in both markets), and in manufacture of basic pharmaceutical products and pharmaceutical preparations – of 7.9% (diminish in domestic market and rise in export).
In comparison with October 2012, turnover in manufacturing grew by 3.4%, according to calendar adjusted data. Rise was mainly influenced by the domestic market – increase of 10.4%, while export indicated a drop of 4.5%.
Changes in turnover of selected manufacturing sectors
October 2013 as % over October 2012 (calendar adjusted data)
Data source: Central Statistical Bureau of Latvia
More information on seasonally adjusted, calendar adjusted and non-adjusted industrial production volume indices is available in the CSB database.
Industrial Statistics Section
Tel. +371 67366953
1 Unlike industrial goods produced that include also goods unfinished and in stock, turnover includes only goods sold and industrial services provided.
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