Manufacturing turnover declines 0.7% in October
Latest data compiled by the Central Statistical Bureau show that compared to September manufacturing turnover in October according to seasonally adjusted data (at current prices) declined by 0.7%. In domestic market turnover decreased by 1.5%, while in export it grew by 0.3% (of which in Non-eurozone a growth of 2.7%, but in Eurozone - a drop of 3.9%).
Compared to the previous month turnover decline was observed in manufacture of motor vehicles, trailers and semi-trailers - of 10.3% (of which a drop of 53.2% in domestic market, and a growth of 5% in export), in manufacture of fabricated metal products, except machinery and equipment - of 7.7% (in domestic market - of 8.9%, and in export - of 5.9%), and in manufacture of wood and cork articles - of 5.2% (in domestic market - of 4.4%, and in export - of 6.1%).
Compared to September turnover growth in October was observed in manufacture of non-metallic mineral products – of 7.8% (in domestic market - of 9.7%, and in export - of 3.1%), in manufacture of computer, electronic and optical products – of 5.2% (in domestic market - of 1.5%, and in export - of 6.2%), and in manufacture of furniture - of 2.1% (in domestic market - of 0.7%, in export - of 3.8%).
As compared to the corresponding period of the previous yearmanufacturing turnover in industry in October 2014 (according to calendar adjusted data) decreased by 3.2%. It was affected by a drop of 7.4% in domestic market, while in export there was a growth of 2.2% (of which a growth of 8.2% in Non-eurozone, and a decrease of 7.8% in Eurozone).
|Changes in turnover of selected manufacturing sectors|
October 2014 as % of October 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.