Press Release

In November, industrial production output reduced by 0.6 %

Data compiled by the Central Statistical Bureau (CSB) show that, compared to November 2017, in November 2018 industrial production output1 fell by 0.6 % (according to calendar adjusted data at constant prices). The decline was caused by the output reduction in electricity and gas supply (of 12.2 %), however rise was recorded in manufacturing (of 3.3 %) and mining and quarrying (of 12.1 %).

Compared to the corresponding month of the previous year, industrial production output increased significantly in manufacture of electrical equipment (by 30.4 %), manufacture of computer, electronic and optical products (by 15.5 %) and manufacture of textiles (by 12.3 %). 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 3.2 %) and manufacture of fabricated metal products (by 4.8 %).

In its turn, production output decline was registered in manufacture of food products (of 2.9 %), manufacture of beverages (7.7 %), as well as manufacture of other non-metallic mineral products (10.4 %) and manufacture of wearing apparel (8 %).

Compared to October 2018, in November 2018 industrial production output increased by 0.9 % (according to seasonally adjusted data at constant prices). Output in mining and quarrying grew by 5.2 %, in electricity and gas supply – by 1.4 % and in manufacturing – by 1.2 %.

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

 

January – November 2018

compared to

January – November 2017

(calendar adjusted)

November 2018, compared to

October 2018 (seasonally adjusted)

November 2017

(calendar adjusted)

Total production

1.7

0.9

-0.6

Mining and quarrying

4.1

5.2

12.1

Manufacturing

3.1

1.2

3.3

Manufacture of food products

-2.1

1.7

-2.9

Manufacture of beverages

-4.9

3.1

-7.7

Manufacture of textiles

0.2

6.2

12.3

Manufacture of wearing apparel

-0.3

0.2

-8.0

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

4.9

-0.2

3.2

Manufacture of paper and paper products

-1.8

4.5

0.7

Printing and reproduction of recorded media

-2.2

5.5

-0.1

Manufacture of chemicals and chemical products

11.0

-2.2

4.5

Manufacture of non-metallic mineral products

2.2

-1.7

-10.4

Manufacture of fabricated metal products, except machinery and equipment

4.5

4.7

4.8

Manufacture of computer, electronic and optical products

3.2

3.1

15.5

Manufacture of electrical equipment

21.5

7.1

30.4

Manufacture of machinery and equipment

7.4

13.9

10.4

Manufacture of motor vehicles, trailers and semi-trailers

24.9

-5.3

3.1

Manufacture of furniture

3.3

4.2

5.5

Repair and installation of machinery and equipment*

-5.9

-9.5

0.3

Electricity and gas supply

-2.2

1.4

-12.2

* 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 November 2017, in November 2018 manufacturing turnover increased by 6.6 % (according to calendar adjusted data at current prices). Turnover on the domestic market went up by 7.5 % and in export by 6.2 % (of which in euro area by 7.5 % and in non-euro area by 5.1 %).

Compared to October 2018, in November 2018 manufacturing turnover rose by 2.8 % (according to seasonally adjusted data). Turnover on the domestic market grew by 1.9 % and in export by 3.3 % (increase in euro area – of 1.8 % and in non-euro area – of 5.8 %).

 

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:
Comm
unication Section
E-mail: media@csb.gov.lv
Phone: +371 67366989, +371 27880666

More information on data:
Mārīte Baranova
Industrial and Construction Statistics Section
E-mail
: Marite.Baranova@csb.gov.lv
Phone: +371 67366830

 

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