Industrial Turnover Index measures monthly development of market demand for industrial goods and services.

Definitions

Industrial turnover index measures monthly development of market demand for industrial goods and services.

Income from sale of goods and provision of services, from which trade discounts, as well as value added tax and other taxes directly related to sales are deducted.

Data availability

Dissemination format and release calendar

Theme Reference period Planned release datesort icon Remarks
Turnover indices of industrial production
  • October 2017
04.12.2017

Monthly data are published at 34th day after the end of reference period. Industry monthly/quarterly data»

Publications

Download CSB publications on various time periods (starting from 2007) in section E-publications and subscribe for paper publications in section Publications.

Data also are published in Statistical yearbooks and Monthly bulletins. Statistical yearbooks and monthly bulletins are available in E-publication section under topic "General statistics".

Theme Title Release datesort icon ZIP/PDF
Volume indices of industrial production Industrial production output 2017/01 (only in Latvian) 27.02.2017
Volume indices of industrial production Industrial production volume 2016/04 (only in latvian) 22.11.2016
Volume indices of industrial production Industrial production volume 2016/03 (only in Latvian) 26.08.2016
Volume indices of industrial production Industrial production volume 2016/01 (only in Latvian) 26.02.2016
Volume indices of industrial production Industrial production volume 2015/04 (only in Latvian) 19.11.2015
Volume indices of industrial production Industrial production volume 2015/03 (only in Latvian) 18.08.2015
Volume indices of industrial production Industrial production volume 2015/02 (only in Latvian) 26.05.2015
Volume indices of industrial production Industrial production volume 2015/01 (only in Latvian) 27.02.2015
Volume indices of industrial production Industrial production volume 2014/04 (only in Latvian) 24.11.2014
Volume indices of industrial production Industrial production volume 2014/03 (only in Latvian) 18.08.2014
Volume indices of industrial production Industrial production volume 2014/02 (only in Latvian) 19.05.2014
Volume indices of industrial production Industrial production volume 2014/01 (only in Latvian) 16.05.2014
Volume indices of industrial production Industrial Production Volume 2013/04 (only in Latvian) 21.11.2013
Volume indices of industrial production Industrial Production Volume 2013/03 (only in Latvian) 19.08.2013
Volume indices of industrial production Industrial Production Volume 2013/02 (only in Latvian) 23.05.2013

Classifications

Data are collected and published according to:

  • Statistical Classification of Economic Activities in the European Community (NACE Rev. 2);
  • Main Industrial Grouping (MIG 2009).

A Classification Catalogue with classification codes and their explanations has been published on the CSB website.

Customised data sets

If you would like to obtain statistical data that are not available in publications or in the CSB online data base, please send us an information request:
 - postal mail: 1 Lāčplēša Street, Riga, Latvia, LV-1301;
 - e-mail: info [at] csb [dot] gov [dot] lv;
 - visiting Information centre.

Read more

Additional information

In some cases, due to specifics of electronic data processing technologies and rounding adjustments, slight discrepancies may occur between totals and sums of components.

Data collection

Survey method and data source

Data on industrial turnover are obtained with the help of enterprise survey, building a threshold sample. Data are collected from the CSB monthly statistical report form 1-r "Survey of industrial activity".

Information on industrial turnover during the reference period at current prices is collected each month until the 25th date, according to the classes of NACE Rev. 2.

Target population

Data for Industrial Turnover Index are collected from economically active enterprises if their main or secondary activity is industry, Section B (Mining and quarrying) and C (Manufacturing) in compliance with NACE Rev. 2, and if 20 and more persons are employed in industrial production or industrial turnover in previous year comprised EUR 430 thousand or more. Index calculation does not include Section D (Electricity, gas, stream and air conditioning) and E (Water supply, sewerage, waste management and remediation)

Sample size

In 2017, the number of enterprises surveyed monthly comprised 1 454. In 2015, their share in mining and quarrying and manufacturing volume exceeded 80%.

Year Sample size
(monthly)
2017 1 454
2016 1 378
2015 1 361
2014 1 332
2013 1 339
2012 1 280
2011 1 293
2010 1 350
2009 1 570
2008 1 450

Statistical processing

Calculation methods

Industrial Output Index is nondeflated turnover index and calculation thereof includes Section B (Mining and quarrying) and Section C (Manufacturing). Weights are industrial turnover of 2010 in breakdown–domestic market and export. Starting with 2014 exports indicator (turnover of foreign market) is published in the following breakdown: turnover to euro area countries (Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, Spain, and from 1 January 2015 Lithuania) and turnover to non-euro area countries. Base used for the comparisons is average monthly turnover of 2010.

Calendar and seasonal adjustment

A time series is a sequence of observations collected at regular time intervals, for example, a monthly time series. It characterises indicator changes or development thereof.  Seasonality and calendar effects are present in a large number of economic time series.

Seasonality or seasonal fluctuations of time series mean those movements, which recur with similar intensity in the same season each year. For example, each year Christmas shopping time can be observed in time series reflecting retail sales statistics. Change of seasons, social habits and influence of institutional factors are among the main causes of seasonality.

The calendar effects cover influence of calendar on time series. It is impact left by differing number of working days (or Mondays, Tuesdays and other days of the week) in months on changes of indicator. For example, number of working days differing among the months may affect goods produced time series.

When the time series are influenced by seasonality or calendar effects, it may be difficult to get clear understanding on indicator changes over the time.  Seasonal adjustment is made to eliminate seasonal fluctuations and calendar effects in time series.

As a result seasonally adjusted time series, from which seasonality and calendar effects have been removed, are produced. It means that seasonally adjusted time series provide an estimate for what is “new” in the series, for example turning points in trends, business cycle or irregular component.  Moreover seasonal adjustment results in calendar adjusted time series, in which calendar effects or varying number of working days in months has been eliminated. Specifics of seasonally adjusted statistics allows improving data comparability over time:

  • Seasonally adjusted time series do not contain seasonal fluctuations and calendar effects, thus it is possible to compare, for example, data on the current month with the previous month's data.
  • Calendar adjusted time series are not influenced by calendar effects and are used to compare, for example, statistics on current month with the data on corresponding month of the previous year.

The seasonal adjustment is made taking into account seasonal adjustment guidelines developed by the European Statistical System.

Software

JDemetra+

Seasonal adjustment method

TRAMO/SEATS

Last model revision

For data of January 2017

Base period

2010 is base of comparison period (2010 = 100).

Data revision

Data revisions are made, if respondent specifies, supplements or corrects data on some of the previous periods or if methodology is specified.

The indices published may be corrected, if it is found out that corrections in calculations have notable influence on the total industrial production index.

Comparability

Comparability over time

Data are available since 2000. Data on export to Eurozone countries are available since 2004.

International comparability

Eurostat

The Statistical Office of the European Union (Eurostat) on its homepage publishes information on industry in EU-28 and in each individual country: Statistics/ Industry, trade and services/ Short-term business statistics/ Database/ Industry.

http://ec.europa.eu/eurostat

Confidentiality

Confidentiality of the information provided by respondents is protected by the Section 17 of the Statistics Law stipulating rights and obligations of the Central Statistical Bureau of Latvia and other state authorities producing official statistics. Read more

Contact person on methodology

Name Surname Position Phone number Email
Oksana Litviņenko Senior Officer +371 67366954 Oksana [dot] Litvinenko [at] csb [dot] gov [dot] lv

Last update

06.03.2017

Manufacturing output and turnover

Volume indices of industrial production

Explanation of symbols

-

Magnitude zero

0

Less than half of the unit employed

...

Data not available or too uncertain for presentation

X

Figure not applicable because column heading and stub line make entry impossible, absurd or meaningless

.

Data not released for confidentiality reasons

If data are absolute numbers

0

Magnitude zero