Press Release

Industrial production output increased by 2.7 % in November

Data compiled by the Central Statistical Bureau (CSB) show that, compared to November 2019, in November 2020, industrial production output1 rose by 2.7 % (according to calendar adjusted data at constant prices). Production output increase was observed in mining and quarrying (of 20.5 %) (affected by the increase of exports of peat) and in manufacturing (4.3 %). In turn, the supply of electricity and gas decreased by 10 % due to a significant decrease in the volume of electricity produced in hydroelectric power plants as well as in gas supply to consumers.

As compared to November 2019, significant production output rise was observed in printing and reproduction of recorded media – by 22 %, manufacture of electrical equipment – by 20.4 % and in manufacture of computer, electronic and optical products. Significant increase in production was also observed in industry having the largest share in industrial production: manufacture of wood and of products of wood and cork, except furniture (of 14.6 %).

In turn, the decline in production output was still registered in repair and installation of machinery and equipment – by 40.7 % and manufacture of beverages – by 13.8 %. Production output also reduced in manufacture of metal products, manufacture of basic pharmaceutical products and pharmaceutical preparations, as well as in manufacture of food products and manufacture of fabricated metal products, except machinery and equipment (by 1.5 % and 1.8 %, respectively).

Compared to October 2020, in November 2020, industrial production output rose by 1.5 % (according to seasonally adjusted data at constant prices). It was affected by production output increase in mining and quarrying (of 4.8 %), electricity and gas supply (2.3 %) and manufacturing (1.4 %).

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

 

January – November 2020,

compared to January – November 2019 (calendar adjusted)

November 2020, compared to

October 2020 (seasonally adjusted)

November 2019

(calendar adjusted)

Total industrial production

-2.3

1.5

2.7

Mining and quarrying

8.3

4.8

20.5

Manufacturing

-1.8

1.4

4.3

Manufacture of food products

-0.5

-1.9

-1.5

Manufacture of beverages

-7.5

-5.8

-13.8

Manufacture of textiles

-10.8

-5.9

-5.8

Manufacture of wearing apparel

-10.1

13.9

-1.3

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

3.0

2.7

14.6

Manufacture of paper and paper products

-0.5

7.1

-8.5

Printing and reproduction of recorded media

6.4

11.7

22.0

Manufacture of chemicals and chemical products

5.7

1.9

-0.7

Manufacture of other non-metallic mineral products

-2.4

2.2

0.4

Manufacture of fabricated metal products, except machinery and equipment

-3.5

2.4

-1.8

Manufacture of electrical equipment

6.2

4.6

20.4

Manufacture of machinery and equipment

-3.6

3.5

11.4

Manufacture of motor vehicles, trailers and semi-trailers

-19.5

-2.9

6.2

Manufacture of furniture

-3.1

1.8

-5.9

Repair and installation of machinery and equipment*

-29.4

-5.6

-40.7

Electricity and gas supply

-8.0

2.3

-10.0

* 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 November 2019, in November 2020, manufacturing turnover, according to calendar adjusted data at current prices, rose by 7 %, turnover in the domestic market increased by 2 % and export turnover – by 9.6 % (of which by 5.5 % in euro area and by 13.2 % in non-euro area).

Compared to October 2020, in November 2020 manufacturing turnover, according to seasonally adjusted data, rose by 2 %, turnover in the domestic market increased by 2.5 % and export turnover – by 1.8 % (of which by 1 % in euro area and by 2.5 % in non-euro area).

 

Methodological explanations

1 Industrial production is calculated by summing the self-produced products sold and industrial services provided in a given month with the changes in stocks of finished products and work in progress. The 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.

2Industrial turnover is the self-produced products sold and industrial services provided in a given month. The 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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