Manufacturing turnover growth in April - 1.4%
Latest data compiled by the Central Statistical Bureau of Latvia show that compared to March 2014 manufacturing turnover in April 20141 according to seasonally adjusted data (at current prices), increased by 1.4%, of which by 3.2% in domestic market. Export dropped by 0.8% (of which drop in export to Non-eurozone of 2.5% and growth in export to Eurozone of 1.1%).
Turnover increase as compared to the previous month was affected by growth in manufacturing sectors having the largest share in the sector: in manufacture of wood and of products of wood - of 3.7% (in domestic market - of 5.3%, in export - of 1.6%), in manufacture of food products - of 5.9% (in domestic market - of 7.4%, in export - of 2.1%), and in manufacture of fabricated metal products, except machinery and equipment - of 8% (in domestic market - of 10.3%, in export - of 4.1%). In turn, turnover decrease was recorded in manufacture of chemicals and chemical products - of 7.7% (in domestic market - of 9.5%, in export - of 6.9%), in manufacture of computer, electronic and optical products - of 13.2% (in domestic market - of 28.2%, in export - of 4.6%), and 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 12.7% (in domestic market - of 5.7%, in export - of 34.9%).
Compared to April 2013, manufacturing turnover in industry increased by 9%, according to calendar adjusted data, of which in domestic market by 13% and in export - by 4.4% (of which growth in Eurozone – of 3.8% and in Non-eurozone – of 5.1%).
|Changes in turnover of selected manufacturing sectors in April 2014 |
as % over April 2013 (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 databases.
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 defined, i.e, price changes are not taken into account. Turnover only includes own-produced goods sold and industrial services provided.