Press Release

Moderate manufacturing output growth in May

Data compiled by the Central Statistical Bureau (CSB) show that, compared to May 2018, in May 2019 manufacturing output1 grew by 1.7 % (according to calendar adjusted data at constant prices). Output rise was also recorded in electricity and gas supply (of 2.8 %), while in mining and quarrying there was a drop of 3.3 %. Total industrial production output went up by 1.7 %

Compared to the corresponding month of the previous year, significant industrial production output increase still was registered in manufacture of electrical equipment (of 32.9 %). Output increase was also recorded in manufacture of wearing apparel (of 13.3 %). Just like before, output rise was registered in manufacture of fabricated metal products, except machinery and equipment (of 12 %), manufacture of machinery and equipment (11.8 %), and manufacture of textiles (11.4 %).

Output decline, in turn, was recorded in manufacture of chemicals and chemical products (of 10.2 %) and manufacture of non-metallic mineral products (6.7 %). Drop was also registered in two out of the three manufacturing sectors having the largest share in industrial production: manufacture of wood and of products of wood and cork, except furniture, and manufacture of food products (of 3.6 % and 1.8 %, respectively).

Compared to April, in May 2019 manufacturing output fell by 0.1 % (according to seasonally adjusted data at constant prices). Decline was also recorded in mining and quarrying (of 8.3 %), whereas in electricity and gas supply it went up (by 10.9 %). Total industrial production output grew by 2.1 %.

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

 

January–May 2019,

compared to January–May 2018

(calendar adjusted)

May 2019, compared to

April 2019 (seasonally adjusted)

May 2018 (calendar adjusted)

Total industrial production

-0.6

2.1

1.7

Mining and quarrying

10.5

-8.3

-3.3

Manufacturing

4.0

-0.1

1.7

Manufacture of food products

-1.1

-2.4

-1.8

Manufacture of beverages

-0.3

3.2

2.7

Manufacture of textiles

6.6

2.4

11.4

Manufacture of wearing apparel

-5.1

8.9

13.3

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

3.9

1.0

-3.6

Manufacture of paper and paper products

-5.2

6.1

6.6

Printing and reproduction of recorded media

10.1

-4.1

4.2

Manufacture of chemicals and chemical products

0.4

-3.1

-10.2

Manufacture of other non-metallic mineral products

-6.0

1.2

-6.7

Manufacture of fabricated metal products, except machinery and equipment

12.4

2.7

12.0

Manufacture of computer, electronic and optical products

10.9

4.5

-0.7

Manufacture of electrical equipment

24.5

2.1

32.9

Manufacture of machinery and equipment

10.8

21.1

11.8

Manufacture of motor vehicles, trailers and semi-trailers

4.3

3.2

6.5

Manufacture of furniture

-7.1

6.0

-2.3

Repair and installation of machinery and equipment*

15.5

0.0

8.2

Electricity and gas supply

-16.1

10.9

2.8

* 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 2018, in May 2019 manufacturing turnover increased by 2 % (according to calendar adjusted data at current prices). Turnover on the domestic market went up by 0.8 % and in export by 2.7 % (of which by 4.5 % in euro area and by 1 % in non-euro area).

Compared to April 2019, in May 2019 manufacturing turnover fell by 0.1 % (according to seasonally adjusted data). Turnover on the domestic market dropped by 3 % while in export grew by 1.5 % (of which rise of 4.3 % in euro area and decline of 0.9 % 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-mail:
Marite.Baranova@csb.gov.lv
Phone: +371 67366830

 

Release date
Share this press release:

Statistical themes related to this press release