Press Release

In 2018, industrial production output grew by 2 %

Data compiled by the Central Statistical Bureau (CSB) show that, compared to 2017, in 2018 industrial production output1 increased by 2 % (according to calendar adjusted data at constant prices). In mining and quarrying industrial production output rose by 4.3 %, in manufacturing by 3.4 %, while in electricity and gas supply there was a decrease of 1.9 %.

Compared to December 2017, in December 2018 industrial production output grew by 4.5 % (according to calendar adjusted data at constant prices). Production output rise in manufacturing constituted 5.1 %, in mining and quarrying 9.4 %, and electricity and gas supply 0.6 %.

Compared to December 2017, the largest output increase was recorded in manufacture of computer, electronic and optical products (of 30.7 %) and in manufacture of electrical equipment (of 22.9 %). Industrial production output increase also was recorded in the sectors having the largest share in manufacturing: manufacture of wood and of products of wood and cork, except furniture (by 9 %), and manufacture of fabricated metal products (12.7 %), while output of manufacture of food products did not change.

Production output decline, in turn, was registered in manufacture of paper and paper products (of 14.2 %), manufacture of furniture (13.6 %), as well as repair and installation of machinery and equipment (11.4 %).

Compared to November, in December 2018 industrial production output went up by 3.3 % (according to seasonally adjusted data at constant prices), of which in manufacturing by 1 %, in electricity and gas supply by 9.7 %, whereas in mining and quarrying there was a drop of 1.4 %.

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

 

JAN–DEC 2018,

compared to

JAN–DEC 2017

(calendar adjusted)

Q4 2018, compared to

DEC 2018, compared to

Q3 2018

(seasonally adjusted)

Q4 2017

(calendar adjusted)

NOV 2018 (seasonally adjusted)

DEC 2017

(calendar adjusted)

Total industrial production

2.0

-0.6

0.9

3.3

4.5

Mining and quarrying

4.3

3.1

8.8

-1.4

9.4

Manufacturing

3.4

2.4

4.3

1.0

5.1

Manufacture of food products

-2.0

0.4

-2.3

0.8

0.0

Manufacture of beverages

-4.4

-1.8

-4.7

6.4

2.3

Manufacture of textiles

0.3

4.0

6.4

-8.5

1.2

Manufacture of wearing apparel

-0.7

3.7

-5.3

0.8

-3.0

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

5.3

-0.2

6.1

3.3

9.0

Manufacture of paper and paper products

-3.1

-3.9

-8.1

-4.1

-14.2

Printing and reproduction of recorded media

-2.7

0.2

-5.3

-6.5

-8.9

Manufacture of chemicals and chemical products

9.5

-1.3

4.3

3.4

1.9

Manufacture of other non-metallic mineral products

1.9

2.5

-5.3

2.8

-3.2

Manufacture of fabricated metal products, except machinery and equipment

5.1

7.4

6.5

3.0

12.7

Manufacture of computer, electronic and optical products

5.5

12.4

21.2

4.9

30.7

Manufacture of electrical equipment

24.4

10.4

34.2

-5.0

22.9

Manufacture of machinery and equipment

7.9

6.3

7.3

3.6

9.2

Manufacture of motor vehicles, trailers and semi-trailers

22.9

-3.8

6.7

-2.8

-3.4

Manufacture of furniture

2.0

-0.6

-2.0

-13.2

-13.6

Repair and installation of machinery and equipment*

-6.1

7.1

0.4

-0.8

-11.4

Electricity and gas supply

-1.9

-10.9

-9.2

9.7

0.6

* 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 2017, in 2018 manufacturing turnover increased by 9 % (according to calendar adjusted data at current prices). The rise was due to the turnover upturn on the domestic market of 9.5 % and of 8.7 % in export (of which by 10.5 % in euro area and 7.3 % in non-euro area).

Compared to December 2017, in December 2018 manufacturing turnover grew by 10.9 % (according to calendar adjusted data). Turnover on the domestic market went up by 8.6 % and in export by 12.3 % (of which by 3.6 % in euro area and by 19.8 % in non-euro area). Compared to November, turnover fell by 0.6 % (according to seasonally adjusted data). Turnover on the domestic market rose by 1.2 %, while in export there was a decline of 1.5 % (of which drop of 5.1 % in euro area and rise of 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 information on data:
Mārīte Baranova
Industrial and Construction Statistics Section
E-ma
il: Marite.Baranova@csb.gov.lv
Phone: +371 67366830

 

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