Manufacturing turnover growth in February - 4.1%
Latest seasonally adjusted data (at current prices) compiled by the Central Statistical Bureau of Latvia show that,1compared to January 2014 manufacturing turnover in February 2014 increased by 4.1%, of which by 7.3% in domestic market. Export remained at the previous level (of which - a drop in Eurozone of 7.9% and an increase in Non-eurozone - of 3.8%).
As compared to the previous month, the most notable turnover growth was recorded in manufacture of motor vehicles, trailers and semi-trailers - of 26.7% (increase in domestic market - 2.1 times, while in export there was a decline of 5.4%, of which in Eurozone - of 2.4% and in Non-eurozone - of 8.2%); in manufacture of non-metallic mineral products - of 14.4% (increase in domestic market - 17.8%, in export - 4.9%, of which in Eurozone - 15.2% and in Non-eurozone - of 1.6%); in printing and reproduction of recorded media - of 6.2% (increase in domestic market - 8.8%, while there was a drop of 4% in export, of which in Eurozone - of 23.7% and in Non-eurozone - of 0.9%).
Compared to February 2013, manufacturing turnover in industry increased by 5.7%, according to calendar adjusted data. This growth was mainly influenced by domestic market growth of 14.5%; in export there was recorded a decrease of 3.9% (of which in Eurozone - of 0.9% and in Non-eurozone - of 5.5%).
|Changes in turnover of selected manufacturing sectors|
February 2014 as % of February 2013 (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
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1 Industrial turnover index characterises monthly changes in demand for industrial goods and services on the market. It includes turnover of mining and quarrying, as well as of industrial enterprises at current prices.Industrial turnover breakdown by domestic market and export is used as weights. Unlike industrial goods, turnover index is not deflated, i.e, price changes are not taken into account. Turnover only includes own-produced goods sold and industrial services provided.