Press Release

In May, industrial production output fell by 6.4 %

Data compiled by the Central Statistical Bureau (CSB) show that, compared to May 2019, in May 2020, industrial production output1 dropped by 6.4 % (according to calendar adjusted data at constant prices), and it was affected by the output reduction in manufacturing by 7.4 %. But slight increase was observed in mining and quarrying (of 0.6 %) and electricity and gas supply (0.3 %).

In May, negative impact of COVID-19 was still felt in manufacturing, in the result of which production orders and deliveries were diminished or cancelled, and, due to restrictions, volume of freight transportation reduced, which, in turn, affected availability of raw materials and production processes in enterprises. 95 or 6.7 % of the surveyed enterprises mentioned COVID-19 as the reason behind the production output decline and in another 15 manufacturing enterprises production was terminated in May due to down-time.

Production output decreased in almost all manufacturing sectors, of which in two out of the three sectors having the largest share in industrial production: manufacture of food products and manufacture of fabricated metal products, except machinery and equipment (of 2 % and 6.8 %, respectively). In May, significant downturn was recorded in manufacture of motor vehicles, trailers and semi-trailers (manufacture of motor vehicle parts and accessories, which includes various components of motor vehicles) (of 45.2 %), repair and installation of machinery and equipment (36 %),manufacture of textiles (28.9 %), manufacture of beverages (24.9 %), manufacture of wearing apparel (22.9 %) and manufacture of furniture (21.6 %).

Output increase was registered in the sector having the largest share in the industrial production – manufacture of wood and of products of wood and cork, except furniture (of 2.6 %), printing and reproduction of recorded media (8 %), manufacture of chemicals and chemical products (9.3 %) and manufacture of other transport equipment.

Compared to April 2020, in May 2020, industrial production output rose by 4.9 % (according to seasonal adjusted data at constant prices). Of which in manufacturing (of 1.7 %), mining and quarrying (2.6 %) and electricity and gas supply (23 %).

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

 

January–May 2020,

compared to January–May

2019 (calendar adjusted)

May 2020, compared to

April 2020 (seasonally adjusted)

May 2019

(calendar adjusted)

Total industrial production

-4.6

4.9

-6.4

Mining and quarrying

2.5

2.6

0.6

Manufacturing

-5.1

1.7

-7.4

Manufacture of food products

-1.5

4.0

-2.0

Manufacture of beverages

-11.3

0.3

-24.9

Manufacture of textiles

-12.6

11.0

-28.9

Manufacture of wearing apparel

-16.6

12.8

-22.9

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

-2.3

7.5

2.6

Manufacture of paper and paper products

4.3

-0.6

-10.3

Printing and reproduction of recorded media

2.6

-2.8

8.0

Manufacture of chemicals and chemical products

6.5

-18.1

9.3

Manufacture of other non-metallic mineral products

-0.2

3.2

-4.1

Manufacture of fabricated metal products, except machinery and equipment

-1.2

2.6

-6.8

Manufacture of electrical equipment

5.3

-6.2

-2.5

Manufacture of machinery and equipment

-11.7

0.5

-18.7

Manufacture of motor vehicles, trailers and semi-trailers

-27.8

55.5

-45.2

Manufacture of furniture

-6.2

-6.4

-21.6

Repair and installation of machinery and equipment*

-28.8

7.8

-36.0

Electricity and gas supply

-3.9

23.0

0.3

* 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 2019, in May 2020, manufacturing turnover, according to calendar adjusted data at current prices, reduced by 7.7 %, turnover in the domestic market fell by 5.5 % and export turnover – by 9 % (of which by 12.3 % in euro area and by 6 % in non-euro area).

Compared to April 2020, in May 2020 manufacturing turnover, according to seasonally adjusted data, decreased by 1.7 %, turnover in the domestic market fell by 2.5 % and export turnover – by 1.4 % (of which drop of 4.6 % in euro area and increase of 1.5 % in non-euro area).

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

 

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