Press Release

In May, industrial production output dropped by 1.1 %

Data compiled by the Central Statistical Bureau (CSB) show that, compared to May 2017, in May 2018 industrial production output1 decreased by 1.1 % (according to calendar adjusted data at constant prices). A drop was recorded in electricity and gas supply (of 16.4 %), as the warm and dry weather provoked a decline in the production of electricity at hydropower stations and in gas supply to consumers. In turn, an increase in production output was recorded in manufacturing (of 2.9 %), as well as in mining and quarrying (of 7.1 %).

Compared to the corresponding month of the previous year, the largest increase in manufacturing was recorded in the sectors of manufacture of motor vehicles, trailers and semi-trailers (of 27 %), repair and installation of machinery and equipment (of 25.6 %), manufacture of computer, electronic and optical products (of 24.6 %), manufacture of machinery and equipment (of 17.8 %). Just as in previous months, an increase in production output was recorded in manufacture of wood and of products of wood and cork, except furniture (of 3.6 %), as well as in manufacture of fabricated metal products, except machinery and equipment (of 7.3 %).

In turn, a decrease in production output was recorded in manufacture of food products (of 3.4 %), manufacture of paper and paper products (of 7.2 %), manufacture of beverages (of 6.6 %), manufacture of textiles (of 6.5 %), as well as in manufacture of basic pharmaceutical products and pharmaceutical preparations.

Compared to April 2018, in May 2018 industrial production output went down by 0.2 % (according to seasonally adjusted data at constant prices), as this was influenced by a drop in electricity and gas supply (of 6.7 %), whereas growth was recorded in manufacturing (1.9 %), as well as in mining and quarrying (9.4 %).

Changes in industrial production output
(as per cent, at constant prices)

 

January – May 2018

compared to

January – May 2017 (calendar adjusted)

May 2018 compared to

April 2018 (seasonally adjusted)

May 2017 (calendar adjusted)

Total production

2.5

-0.2

-1.1

Mining and quarrying

-1.5

9.4

7.1

Manufacturing

3.6

1.9

2.9

Manufacture of food products

-0.1

-0.2

-3.4

Manufacture of beverages

-9.6

-3.7

-6.6

Manufacture of textiles

-2.9

-1.3

-6.5

Manufacture of wearing apparel

1.2

-1.1

-2.2

Manufacture of wood and of products of wood and cork, except furniture

2.3

4.7

3.6

Manufacture of paper and paper products

3.0

-0.2

-7.2

Printing and reproduction of recorded media

-0.9

2.0

0.1

Manufacture of chemicals and chemical products

11.0

2.3

7.9

Manufacture of other non-metallic mineral products

10.7

2.1

7.2

Manufacture of fabricated metal products, except machinery and equipment

10.0

1.8

7.3

Manufacture of computer, electronic and optical products

0.3

20.0

24.6

Manufacture of electrical equipment

13.1

-1.2

-1.8

Manufacture of machinery and equipment

13.9

17.0

17.8

Manufacture of motor vehicles, trailers and semi-trailers

29.9

0.3

27.0

Manufacture of furniture

6.9

-1.5

4.5

Repair and installation of machinery and equipment*

0.5

18.3

25.6

Electricity and gas supply

1.6

-6.7

-16.4

* repair and maintenance of ships and boats, repair of fabricated metal products, machinery and equipment, installation of industrial machinery and equipment.

Manufacturing turnover2

Compared to May 2017, in May 2018 manufacturing turnover increased by 9.6 % (according to calendar adjusted data at current prices). Turnover on the domestic market went up by 11.1 % and in export by 8.8 % (of which by 14.8 % in euro area and by 4.1 % in non-euro area).

Compared to April 2018, in May 2018 manufacturing turnover grew by 5.1 % (according to seasonally adjusted data). Turnover on the domestic market increased by 3.9 % and in export by 5.8 % (of which by 11.4 % in euro area and by 3.1 % in non-euro area).

 

Methodological explanations

1The volume index of industrial production describes changes in the volume of industrial production during the reference period in comparison to the base period. The index is estimated by recalculating the production output indicator at constant prices with the help of producer price indices.

2The industrial turnover index measures the monthly development of market demand for industrial goods and services. It is calculated at current prices without excluding price influence. Unlike industrial goods that also include unfinished goods and goods in stock, turnover only includes the goods sold and industrial services provided.

 

Media requests:
Communication Section
E-mail: media@csb.gov.lv
Phone: +371 67366989, +371 27880666

More on information on data:
Madara Liepiņa
Industrial and Construction Statistics Section
E-mail: Madara.Liepina@csb.gov.lv
Phone: +371 7366953

 

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