Press Release

In November, industrial production output reduced by 0.2 %

Data compiled by the Central Statistical Bureau (CSB) show that, compared to November 2018, in November 2019 industrial production output1 fell by 0.2 % (according to calendar adjusted data at constant prices). That was affected by output drop in manufacturing by 0.8 % and in mining and quarrying by 16.9 %, while in electricity and gas supply there was an increase of 3.9 %.

Compared to the corresponding month of 2018, output drop was registered in more than a half of manufacturing sectors, of which two out of three manufacturing sectors having the largest share in industrial production: manufacture of wood and of products of wood and cork (of 1.8 %) (share in manufacturing – 25.3 %) and manufacture of food products (of 3.2 %) (share in manufacturing – 13.8 %). The largest output drop was in medium-high technology manufacturing sectors: manufacture of machinery and equipment (of 18.5 %), manufacture of motor vehicles, trailers and semi-trailers (of 15.7 %) and manufacture of electrical equipment (of 1.3 %).

Growth, in turn, was recorded in manufacture of fabricated metal products, except machinery and equipment (of 7.1 %), manufacture of computer, electronic and optical products (1.9 %), manufacture of furniture (9.1 %) and manufacture of basic pharmaceutical products and pharmaceutical preparations.

Compared to October 2019, in November 2019 industrial production output decreased by 1.2 % (according to seasonally adjusted data at constant prices). Output drop in manufacturing constituted 0.8 % and in electricity and gas supply 4.4 %, while in mining and quarrying there was an increase of 4.8 %.

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

 

January – November 2019

compared to January – November 2018 (calendar adjusted)

November 2019, compared to

October 2019 (seasonally adjusted)

November 2018

(calendar adjusted)

Total production

1.2

-1.2

-0.2

Mining and quarrying

-5.1

4.8

-16.9

Manufacturing

2.3

-0.8

-0.8

Manufacture of food products

-1.2

-0.3

-3.2

Manufacture of beverages

-0.7

-0.6

2.1

Manufacture of textiles

1.7

-2.4

-14.1

Manufacture of wearing apparel

-5.9

2.4

1.7

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

0.2

-2.3

-1.8

Manufacture of paper and paper products

1.3

10.4

12.4

Printing and reproduction of recorded media

7.5

1.0

3.9

Manufacture of chemicals and chemical products

-4.0

2.6

0.8

Manufacture of non-metallic mineral products

-2.3

-4.0

-0.5

Manufacture of fabricated metal products, except machinery and equipment

14.3

-2.5

7.1

Manufacture of computer, electronic and optical products

9.0

5.0

1.9

Manufacture of electrical equipment

16.8

5.4

-1.3

Manufacture of machinery and equipment

-0.4

-1.4

-18.5

Manufacture of motor vehicles, trailers and semi-trailers

-2.8

-0.6

-15.7

Manufacture of furniture

-4.2

7.5

9.1

Repair and installation of machinery and equipment*

8.9

7.2

-0.7

Electricity and gas supply

-4.3

-4.4

3.9

* 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 2018, in November 2019 manufacturing turnover decreased by 1.3 % (according to calendar adjusted data at current prices). Turnover decrease was recorded in export – of 3.2 % (reduction in euro area – of 2.7 % and in non-euro area – of 3.6 %), while in domestic market went up by 2.4 %

Compared to October 2019, in November 2019 manufacturing turnover rose by 0.7 % (according to seasonally adjusted data). Turnover increase was recorded in export – of 2.9 % (of which in euro area – of 5.9 % and in non-euro area – of 0.4 %), while in domestic market turnover fell by 3.2 %.

 

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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