Press Release

In October, industrial production output fell by 1.9 %

Data compiled by the Central Statistical Bureau (CSB) show that, compared to October 2017, in October 2018 industrial production output1 reduced by 1.9 % (according to calendar adjusted data at constant prices). The decline was caused by the output reduction in electricity and gas supply (of 17.7 %), however rise was recorded in manufacturing (of 3.3 %) and mining and quarrying (of 6.3 %).

Compared to the corresponding month of the previous year, industrial production output increased in two out of the three sectors having the largest share in manufacturing – manufacture of wood and of products of wood and cork, except furniture (by 6.2 %) and manufacture of fabricated metal products (by 2.9 %). Output upturn was also recorded in manufacture of electrical equipment (of 20.2 %), manufacture of motor vehicles, trailers and semi-trailers (16.8 %), as well as manufacture of computer, electronic and optical products (16.7 %).

In its turn, production output decline was registered in manufacture of beverages (of 8 %), manufacture of paper and paper products (7.8 %), printing and reproduction of recorded media (7.6 %), as well as manufacture of food products (3.2 %).

Compared to September 2018, in October 2018 industrial production output reduced by 1.3 % (according to seasonally adjusted data at constant prices). Of which output in electricity and gas supply fell by 11.9 %, while in mining and quarrying as well as manufacturing there was a rise of 1 %.

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

 

January–October 2018

compared to

January–October 2017

(calendar adjusted)

October 2018, compared to

September 2018 (seasonally adjusted)

October 2017

(calendar adjusted)

Total industrial production

2.0

-1.3

-1.9

Mining and quarrying

3.3

1.0

6.3

Manufacturing

3.1

1.0

3.3

Manufacture of food products

-2.1

-0.8

-3.2

Manufacture of beverages

-4.7

-1.9

-8.0

Manufacture of textiles

-1.4

0.7

4.0

Manufacture of wearing apparel

0.6

1.3

-2.1

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

5.1

-0.1

6.2

Manufacture of paper and paper products

-2.1

-5.1

-7.8

Printing and reproduction of recorded media

-2.5

-3.6

-7.6

Manufacture of chemicals and chemical products

12.1

3.4

7.1

Manufacture of other non-metallic mineral products

4.0

-0.1

-1.0

Manufacture of fabricated metal products, except machinery and equipment

4.5

0.1

2.9

Manufacture of computer, electronic and optical products

2.3

7.4

16.7

Manufacture of electrical equipment

20.4

-3.0

20.2

Manufacture of machinery and equipment

7.1

-4.8

-0.3

Manufacture of motor vehicles, trailers and semi-trailers

27.0

6.5

16.8

Manufacture of furniture

3.0

1.6

0.5

Repair and installation of machinery and equipment*

-6.4

19.3

7.6

Electricity and gas supply

-1.0

-11.9

-17.7

* 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 October 2017, in October 2018 manufacturing turnover increased by 8.6 % (according to calendar adjusted data at current prices). Turnover on the domestic market went up by 8.4 % and in export by 8.8 % (of which in euro area by 13.1 % and in non-euro area by 4.7 %).

Compared to September 2018, in October 2018 manufacturing turnover rose by 1.2 % (according to seasonally adjusted data).  Turnover on the domestic market grew by 0.8 % and in export by 1.5 % (increase in euro area of 1.6 % and a drop of 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 information on data:
Madara Liepiņa
Industrial and Construction Statistics Section
E-mail:
Madara.Liepina@csb.gov.lv
Phone: +371 67366953

 

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