In 2013 manufacturing turnover rose by 1.9%
Latest data compiled by the Central Statistical Bureau of Latvia show that, in 2013 manufacturing turnover1, according to calendar adjusted data (at current prices), compared to 2012, grew by 1.9%.
Turnover increase was mainly advanced by rise in domestic market by 5.5%, but in export there was a decrease of 2.2%. The most notable turnover increase was recorded in manufacture of furniture - of 21% (in domestic market - of 37.6%, in export - of 6.4%), in manufacture of computer, electronic and optical products - of 19.3% (in domestic market - of 21.5%, in export - of 18.4%) and in manufacture of textiles – of 15.3% (in domestic market - of 13.5%, in export - of 16.4%).
Total turnover increase, both in domestic market and in export, was observed also by share in largest manufacturing sectors: in manufacture of food products - of 9.3%, in wood processing - of 7.9% and in metalworking - by 2.2%. But the largest turnover decrease was in manufacture of basic metals - of 56% which was affected by discontinued economic activity of "Liepājas metalurgs".
Changes in turnover of selected manufacturing sectors
in 2013 as % of 2012 (calendar adjusted data)
Data source : Central Statistical Bureau of Latvia
In the 4th quarter of 2013, compared to the same period of the previous year, according to calendar adjusted data, manufacturing turnover rose by 3.6% and rise was influenced by domestic market - increase of 9.1%, while in export there was a reduction of 2.8%.
In the fourth quarter of 2013, compared to the third quarter of 2013, manufacturing turnover, according to seasonally adjusted data, increased by 2.9%, of which in domestic market - by 2.8% and in export - by 3%.
In December 2013, compared to December 2012, according to calendar adjusted data, manufacturing turnover rose by 1.2%, of which in domestic market - by 4.4%, while in export there was a decrease of 2.8%.
In December 2013, according to seasonally adjusted data, compared to November 2013, manufacturing turnover dropped by 1.9%, of which in domestic market - by 4.1%, but in export there was an increase of 0.9%.
More information on seasonally adjusted, calendar adjusted and non-adjusted industrial production turnover indices is available in CSB data base.
Industrial Statistics Section
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1 Industrial turnover index measures monthly development of market demand for industrial goods and services.