Press Release

In March, industrial production output fell by 3.6 %

Data compiled by the Central Statistical Bureau (CSB) show that, compared to March 2019, in March 2020 industrial production output1 dropped by 3.6 % (according to calendar adjusted data at constant prices). The decline was due to the output reduction in manufacturing (of 3.6 %), electricity and gas supply (4.8 %), as well as mining and quarrying (2.1 %).

In March, 6.5 % of the surveyed enterprises in 13 manufacturing sub-sectors (manufacture of fabricated metal products, printing, manufacture of machinery and equipment n.e.c., manufacture of products of wood, and manufacture of food products, etc.) mentioned COVID-19 and emergency situation in the country as the key reason behind the production output decline.

Significant downturn was recorded in manufacture of wearing apparel (of 33.2 % due to both COVID-19 influence and decline in orders), repair and installation of machinery and equipment (12.1 %), and manufacture of computer, electronic and optical products (11.6 %). Output drop was registered also in manufacture of machinery and equipment as well as manufacture of motor vehicles, trailers and semi-trailers (of 10.8 % and 10.6 %, respectively), and manufacture of fabricated metal products, except machinery and equipment (9.6 %).

Production output rise, in turn, was recorded in manufacture of paper and paper products (of 11.3 %), manufacture of electrical equipment (8.7 %), and manufacture of other non-metallic mineral products (6.3 %). Output upturn was also observed in the manufacturing sectors having the largest share in industrial production: manufacture of wood and of products of wood and cork, except furniture (of 1.4 %) and manufacture of food products (1 %).

Compared to February 2020, in March 2020 industrial production output fell by 4.1 %, according to seasonally adjusted data at constant prices. Of which in manufacturing by 4.1 %, in electricity and gas supply by 6.8 %, and in mining and quarrying by 9.2 %.

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

 

Q1 2020, compared to

MAR 2020, compared to

Q4 2019

(seasonally adjusted)

Q1 2019

(calendar adjusted)

FEB 2020 (seasonally adjusted)

MAR 2019

(calendar adjusted)

Total industrial production

-1.9

-2.3

-4.1

-3.6

Mining and quarrying

12.1

8.6

-9.2

-2.1

Manufacturing

-1.5

-2.6

-4.1

-3.6

Manufacture of food products

0.5

0.7

-1.4

1

Manufacture of beverages

-7.5

1.6

-18.6

-8.2

Manufacture of textiles

4.7

1.4

-13.0

-5.4

Manufacture of wearing apparel

-12.3

-11.6

-29.1

-33.2

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

0.5

-3.3

-2.8

1.4

Manufacture of paper and paper products

11.0

11.7

-8.7

11.3

Printing and reproduction of recorded media

0.0

-0.4

-4.8

-4.8

Manufacture of chemicals and chemical products

-2.8

-2.9

-8.7

-5.4

Manufacture of other non-metallic mineral products

1.5

4.2

2.1

6.3

Manufacture of fabricated metal products, except machinery and equipment

-1.3

2.5

-17.3

-9.6

Manufacture of computer, electronic and optical products

0.3

2.8

-15.3

-11.6

Manufacture of electrical equipment

3.3

6.7

1.7

8.7

Manufacture of machinery and equipment

1.5

-11.6

-8.7

-10.8

Manufacture of motor vehicles, trailers and semi-trailers

1.6

-10.3

-2.5

-10.6

Manufacture of furniture

-6.4

1.1

-15.6

-6.1

Repair and installation of machinery and equipment*

-12.9

-19.5

8.5

-12.1

Electricity and gas supply

-7.5

-3.2

-6.8

-4.8

* 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 March 2019, in March 2020 manufacturing turnover dropped by 1.6 % (according to calendar adjusted data at current prices). Export turnover fell by 4 % (of which by 5.9 % in euro area and by 2.4 % in non-euro area), while turnover on the domestic market grew by 3.4 %.

Compared to February 2020, in March 2020 manufacturing turnover fell by 7 % (according to seasonally adjusted data). Export turnover reduced by 11.4 % (of which by 12.5 % in euro area and by 10.4 % in non-euro area), while turnover on the domestic market grew by 2 %.

 

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

 

Release date
Share this press release:

Statistical themes related to this press release