Press Release

In January 2021, industrial production output rose by 2.8 %

Data compiled by the Central Statistical Bureau (CSB) show that, compared to January 2020, in January 2021 industrial production output1 rose by 2.8 % according to calendar adjusted data at constant prices. Production output increase was registered in manufacturing - by 2.2 %, in mining and quarrying - by 4 %, and in electricity and gas supply - by 7.5 %.

Compared to the corresponding month of the previous year, a significant increase in manufacturing production output was in high and medium high technology sectors: manufacture of basic pharmaceutical products and pharmaceutical preparations, manufacture of computer, electronic and optical products, and manufacture of chemicals and chemical products - by 9.6 %. Production output also increased significantly in the manufacture of wearing apparel - by 16.6 %, in printing and reproduction of recorded media - by 14.7 %, in the manufacture of furniture - by 13.3 % and in sector having the largest share in industrial production - in the manufacture of wood and of products of wood and cork - by 6.3 %.

The decrease in production output was in repair and installation of machinery and equipment - by 37.3 %, in manufacture of textiles - by 7.3 % and in manufacture of other transport equipment. Output also decreased in food production and in manufacture of fabricated metal products (by 8 % and 2.3 % respectively).

In January 2021, compared to December 2020, manufacturing production output according to seasonally adjusted data at constant prices decreased by 1.5 %. Production output decrease was registered in manufacturing - by 1.7 % and in electricity and gas supply – by 1.2 %, while there was a slight increase in mining and quarrying - by 0.1 %.

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

 

January 2021, compared to

December  2020 (seasonally adjusted)

January  2020 (calendar adjusted)

Total industrial production

-1.5

2.8

Mining and quarrying

0.1

4.0

Manufacturing

-1.7

2.2

Manufacture of food products

-5.4

-8.0

Manufacture of beverages

4.7

-1.4

Manufacture of textiles

25.4

-7.3

Manufacture of wearing apparel

0.2

16.6

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

-7.2

6.3

Manufacture of paper and paper products

9.4

3.2

Printing and reproduction of recorded media

1.2

14.7

Manufacture of chemicals and chemical products

9.8

9.6

Manufacture of other non-metallic mineral products

-3.0

-5.6

Manufacture of fabricated metal products, except machinery and equipment

3.2

-2.3

Manufacture of electrical equipment

-3.3

0.6

Manufacture of machinery and equipment

-4.2

4.3

Manufacture of motor vehicles, trailers and semi-trailers

-4.1

2.7

Manufacture of furniture

-11.8

13.3

Repair and installation of machinery and equipment*

-25.0

-37.3

Electricity and gas supply

-1.2

7.5

* Repair and maintenance of ships and boats, repair and maintenance of all kinds of equipment and devices, installation of industrial machinery and equipment

Manufacturing turnover2

Compared to January 2020, in January 2021 manufacturing turnover, according to calendar adjusted data at current prices, increased by 2 %. Turnover increased by 1.5 % in the domestic market and by 2.3 % in exports (including 8.6 % in non-euro area while turnover decreased by 4.9 % in the euro area).

In January 2021, compared to December 2020, manufacturing turnover, according to seasonally adjusted data at current prices, decreased by 3.5 %. Export turnover decreased by 5.3 % (including in the euro area - by 9.5 %, and in non-euro area - by 1.8 %), while in the domestic market the turnover increased by 0.5 %.

 

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 industrial production volume index (IPI) describes changes in the volume of industrial production during the reference period in comparison to the base period. IPI 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:
Madara Liepiņa
Industrial and Construction Statistics Section
E-mail:
Madara.Liepina@csb.gov.lv
Phone.: +371 67366953

 

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