Press Release

In February 2020, industrial production output grew by 0.8 %

Data compiled by the Central Statistical Bureau (CSB) on the last month before declaration of the emergency show that, compared to February 2019, in February 2020 industrial production output1 increased by 0.8 % (according to calendar adjusted data at constant prices). The rise was influenced by upturn in mining and quarrying (of 16.7 %) as well as electricity and gas supply (of 7 %), while in manufacturing there was a drop of 0.9 %.

Compared to February 2019, the most significant manufacturing output decline was recorded in repair and installation of machinery and equipment (of 18 %), manufacture of motor vehicles, trailers and semi-trailers (8.3 %), as well as repair and installation of machinery and equipment (6.1 %). Drop was also recorded 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 1.3 % and 0.1 %, respectively).

The highest output rise was registered in manufacture of paper and paper products (of 21.5 %), manufacture of computer, electronic and optical products (10.7 %), and manufacture of electrical equipment (8.3 %). Manufacturing output in the third sector having the largest share in industrial production – manufacture of fabricated metal products, except machinery and equipment – increased by 5.8 %.

Compared to January 2020, in February 2020 industrial production output increased by 3 % (according to seasonally adjusted data at constant prices). Of which in mining and quarrying by 4.1 %, in manufacturing by 2.1 %, and in electricity and gas supply by 9.9 %.

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

 

JAN–FEB 2020,

compared to

JAN–FEB 2019 (calendar adjusted)

FEB 2020, compared to

JAN 2020

(seasonally adjusted)

FEB 2019

(calendar adjusted)

Total industrial production

-1.8

3.0

0.8

Mining and quarrying

13.8

4.1

16.7

Manufacturing

-2.2

2.1

-0.9

Manufacture of food products

0.5

-0.4

-0.1

Manufacture of beverages

7.4

5.9

4.7

Manufacture of textiles

4.4

0.1

3.1

Manufacture of wearing apparel

2.4

6.6

5.4

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

-6.1

4.9

-1.3

Manufacture of paper and paper products

11.5

11.4

21.5

Printing and reproduction of recorded media

2.2

5.5

6.1

Manufacture of chemicals and chemical products

-2.3

3.6

-2.4

Manufacture of other non-metallic mineral products

1.8

-1.7

-3.5

Manufacture of fabricated metal products, except machinery and equipment

8.2

6.1

5.8

Manufacture of computer, electronic and optical products

14.7

0.5

10.7

Manufacture of electrical equipment

5.6

4.4

8.3

Manufacture of machinery and equipment

-11.9

10.0

-6.1

Manufacture of motor vehicles, trailers and semi-trailers

-10.3

1.6

-8.3

Manufacture of furniture

5.1

4.5

6.7

Repair and installation of machinery and equipment*

-21.2

12.4

-18.0

Electricity and gas supply

-2.7

9.9

7.0

* 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 February 2019, in February 2020 manufacturing turnover increased by 4.6 % (according to calendar adjusted data at current prices). Export turnover rose by 7.2 % (of which by 2.3 % in euro area and by 11.6 % in non-euro area), while turnover on the domestic market fell by 0.9 %.

Compared to January 2020, in February 2020 manufacturing turnover rose by 2.5 % (according to seasonally adjusted data). Export turnover rose by 3.7 % (of which by 0.2 % in euro area and by 6.9 % in non-euro area), while turnover on the domestic market did not change.
 

Statistics for February was collected during the period from 1 to 27 March, thus some enterprises faced difficulties in filling in and submitting the reports. Thereby, ten manufacturing enterprises mentioned that quarantine and other measures used in Latvia to limit spread of COVID-19 hindered them from filling in and submitting reports.

The data published may be specified during the upcoming months if additional information is received.

 

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:
Industrial and Construction Statistics Section
Madara Liepiņa
E-mail:
Madara.Liepina@csb.gov.lv
Phone: +371 67366953

 

Release date
Share this press release:

Statistical themes related to this press release