Press Release

Steady manufacturing output growth in March

Data compiled by the Central Statistical Bureau (CSB) show that, compared to March 2018, in March 2019 industrial production output1 increased by 1.5 % (according to calendar adjusted data at constant prices). In mining and quarrying industrial production output rose by 18 %, in manufacturing by 4.7 %, while in electricity and gas supply there was a decrease of 9.6 %.

The most notable rise in manufacturing was recorded in repair and installation of machinery and equipment (of 26.7 %), manufacture of computer, electronic and optical products (21.4 %), and manufacture of fabricated metal products, except machinery and equipment (17.4 %), while decline was registered in manufacture of paper and paper products (of 11.2 %) and manufacture of furniture (10.6 %).

Compared to February 2019, in March 2019 industrial production output grew by 0.7 %, according to seasonally adjusted data at constant prices. Of which rise in electricity and gas supply constituted 7.1 %, whereas in manufacture and in mining and quarrying there was a reduction of 1.1 % and 0.5 %, respectively.

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

 

Q1 2019, compared to

March 2019, compared to

Q4 2018

(seasonally adjusted)

Q1 2018

 (calendar adjusted)

February 2019 (seasonally adjusted)

March 2018

(calendar adjusted)

Total industrial production

-0.5

-0.8

0.7

1.5

Mining and quarrying

-1.6

13.3

-0.5

18.0

Manufacturing

0.7

5.0

-1.1

4.7

Manufacture of food products

-1.0

-2.1

-2.3

-4.5

Manufacture of beverages

-5.2

0.3

-8.3

3.3

Manufacture of textiles

-2.0

4.8

-7.1

1.3

Manufacture of wearing apparel

-6.4

-11.4

15.1

0.2

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

2.1

8.0

-6.1

3.5

Manufacture of paper and paper products

3.0

-9.8

-0.4

-11.2

Printing and reproduction of recorded media

6.2

11.7

5.6

16.1

Manufacture of chemicals and chemical products

-1.3

7.0

-20.1

6.0

Manufacture of other non-metallic mineral products

-0.8

-4.6

-4.0

-7.0

Manufacture of fabricated metal products, except machinery and equipment

5.3

13.5

-3.9

17.4

Manufacture of computer, electronic and optical products

-1.0

14.7

6.3

21.4

Manufacture of electrical equipment

-3.2

18.7

1.2

15.0

Manufacture of machinery and equipment

1.5

14.1

-5.0

3.0

Manufacture of motor vehicles, trailers and semi-trailers

1.9

4.5

-2.0

3.8

Manufacture of furniture

-1.7

-7.5

-5.5

-10.6

Repair and installation of machinery and equipment*

-1.5

14.2

-3.4

26.7

Electricity and gas supply

-2.2

-17.3

7.1

-9.6

* 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 March 2018, in March 2019 manufacturing turnover increased by 6.6 % (according to calendar adjusted data at current prices). Turnover on the domestic market went up by 4.3 % and in export by 7.8 % (of which by 6 % in euro area and by 9.2 % in non-euro area).

Compared to February 2019, in March 2019 manufacturing turnover fell by 2.4 % (according to seasonally adjusted data). Turnover on the domestic market dropped by 1.3 % and in export by 3 % (of which by 4.3 % in euro area and by 1.9 % 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

 

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