Press Release

In January 2019, industrial production output fell by 1.8 %

Data compiled by the Central Statistical Bureau (CSB) show that, compared to January 2018, in January 2019 industrial production output1 decreased by 1.8 % (according to calendar adjusted data at constant prices). The decline was caused by the production output reduction in electricity and gas supply (of 15.3 %) as the amount of electricity produced in hydro power plants dropped. Output rise, in its turn, was recorded in manufacturing (of 3.6 %) as well as mining and quarrying (of 8.4 %).

Compared to January 2018, the largest output increase was recorded in manufacture of machinery and equipment (of 30.1 %), manufacture of electrical equipment (23.7 %), printing and reproduction of recorded media (11.2 %), as well as manufacture of motor vehicles, trailers and semi-trailers (10.2 %). Output increase was registered also 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, and manufacture of fabricated metal products, except machinery and equipment – of 9.3 % and 3.1 %, respectively.

Industrial production output decline, in its turn, was registered in manufacture of wearing apparel (of 19.8 %), manufacture of beverages (10.8 %), manufacture of furniture (10.2 %), manufacture of other non-metallic mineral products (8.7 %), and manufacture of paper and paper products (7.7 %). In the sector having the second largest share in manufacturing – manufacture of food products – production output declined by 0.5 %.

Compared to December 2018, in January 2019 industrial production volume reduced by 3.7 % (according to seasonally adjusted data at constant prices. Of which, production output in manufacturing fell by 1.2 %, in mining and quarrying by 3.1 %, and electricity and gas supply by 8.8 %.

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

 

JAN 2019, compared to

DEC 2018 (seasonally adjusted)

JAN 2018 (calendar adjusted)

Total industrial production

-3.7

-1.8

Mining and quarrying

-3.1

8.4

Manufacturing

-1.2

3.6

Manufacture of food products

-0.4

-0.5

Manufacture of beverages

-16.1

-10.8

Manufacture of textiles

2.8

6.5

Manufacture of wearing apparel

-15.2

-19.8

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

1.6

9.3

Manufacture of paper and paper products

9.2

-7.7

Printing and reproduction of recorded media

9.3

11.2

Manufacture of chemicals and chemical products

0.9

5.0

Manufacture of other non-metallic mineral products

-3.4

-8.7

Manufacture of fabricated metal products, except machinery and equipment

-6.0

3.1

Manufacture of computer, electronic and optical products

-11.4

0.0

Manufacture of electrical equipment

-1.1

23.7

Manufacture of machinery and equipment

-2.9

30.1

Manufacture of motor vehicles, trailers and semi-trailers

5.2

10.2

Manufacture of furniture

6.1

-10.2

Repair and installation of machinery and equipment*

-0.7

2.5

Electricity and gas supply

-8.8

-15.3

* 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 January 2018, in January 2019 manufacturing turnover increased by 10.9 % (according to calendar adjusted data at current prices). Turnover on the domestic market went up by 10.1 % and in export by 11.3 % (of which rise of 11.5 % in euro area and drop of 11.2 % in non-euro area).

Compared to December 2018, in January 2019 manufacturing turnover grew by 2.6 % (according to seasonally adjusted data). Turnover on the domestic market went up by 2.8 % and in export by 2.4 % (of which by 6.2 % in euro area and drop by 0.5 % 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
Indust
rial and Construction Statistics Section
E-mail: Marite.Baranova@csb.gov.lv
Phone: +371 67366830

 

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