In November industrial production output rose by 4.5 %
Data compiled by the Central Statistical Bureau of Latvia (CSB) show that in November 2022, compared to November 2021, industrial production output1 grew by 4.5 % (according to calendar adjusted data at constant prices). Output upturn was recorded in manufacturing (of 5.3 %) as well as electricity and gas supply (6.1 %) while downturn in mining and quarrying (18.1 %).
Compared to the corresponding month of the previous year notable industrial production output increase was observed in repair and installation of machinery and equipment (of 47.1 %), manufacture of other transport equipment as well as manufacture of basic pharmaceutical products and pharmaceutical preparations. Rise was also registered in manufacture of beverages (of 18.8 %), manufacture of computer, electronic and optical products (16.4 %), manufacture of electrical equipment (14.7 %), and manufacture of wearing apparel (14.3 %).
Industrial production output drop, in turn, was recorded in printing and reproduction of recorded media (of 22.1 %), manufacture of rubber and plastic products (14 %), manufacture of furniture (12.8 %), and manufacture of chemicals and chemical products (12.4 %). Output reduction was registered in all three manufacturing sectors having the largest share in manufacturing: manufacture of fabricated metal products, except machinery and equipment (of 13.3 %), manufacture of food products (4.2 %), and manufacture of wood and of products of wood and cork, except furniture (0.6 %).
Over the eleven months of 2022, compared to the corresponding period of 2021, industrial production output grew by 1.4 % (according to calendar adjusted data at constant prices). Output in manufacturing went up by 3.2 %, in mining and quarrying by 0.4 %, while in electricity and gas supply there was a drop of 12.4 %.
Compared to October 2022, in November 2022 industrial production output rose by 3.5 % (according to seasonally adjusted data at constant prices), of which in manufacturing by 2.6 %, in electricity and gas supply by 19.9 %, whereas in mining and quarrying there was a decline of 18.2 %.
Change in industrial production output
(per cent, at constant prices)
| JAN–NOV 2022 compared to JAN–NOV 2011 (calendar adjusted) | NOV 2022, compared to | |
OCT 2022 (seasonally adjusted) | NOV 2021 (calendar adjusted) | ||
Total industrial production | 1.4 | 3.5 | 4.5 |
Mining and quarrying | 0.4 | -18.2 | -18.1 |
Manufacturing | 3.2 | 2.6 | 5.3 |
Manufacture of food products | -1.5 | -1.9 | -4.2 |
Manufacture of beverages | 18.6 | 7.7 | 18.8 |
Manufacture of textiles | 4.2 | 51.8 | 2.9 |
Manufacture of wearing apparel | 6.9 | -3.3 | 14.3 |
Manufacture of wood and of products of wood and cork, except furniture | -1.1 | 0.6 | -0.6 |
Manufacture of paper and paper products | -8.3 | -5.4 | -12.1 |
Printing and reproduction of recorded media | 3.7 | -7.6 | -22.1 |
Manufacture of chemicals and chemical products | -0.7 | 0.1 | -12.4 |
Manufacture of other non-metallic mineral products | 7.8 | -2.7 | -9.0 |
Manufacture of fabricated metal products, except machinery and equipment | 1.5 | -3.2 | -13.3 |
Manufacture of computer, electronic and optical products | -6.8 | -5.4 | 16.4 |
Manufacture of electrical equipment | 8.1 | 0.7 | 14.7 |
Manufacture of machinery and equipment | -8.9 | 1.7 | -2.2 |
Manufacture of motor vehicles, trailers and semi-trailers | 14.4 | 0.7 | 4.3 |
Manufacture of furniture | 0.4 | -8.4 | -12.8 |
Repair and installation of machinery and equipment* | 6.6 | 26.3 | 47.1 |
Electricity and gas supply | -12.4 | 19.9 | 6.1 |
* 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 2021, in November 2022 manufacturing turnover increased by 12.2 % (according to calendar adjusted data at current prices). Turnover on the domestic market went up by 22.1 % and in export by 7.7 % (of which by 10 % in euro area and by 5.8 % in non-euro area).
Compared to October 2022, in November 2022 manufacturing turnover fell by 0.1 % (according to seasonally adjusted data). Turnover on the domestic market fell by 1.2 % while in export there was an increase of 0.5 % (drop of 0.9 % in euro area and rise of 1.7 % in non-euro area).
The data published may be specified during the upcoming months if additional information is received.
Methodological explanations
1 Industrial production output is calculated by summing the self-produced products sold and industrial services provided during the respective month with the change 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 with the base period. The index is estimated by recalculating the production output indicator at constant prices with the help of producer price indices.
2 Industrial turnover covers the self-produced products sold and industrial services provided during the respective month. Industrial turnover index characterises monthly changes in demand for industrial goods and services on the market. 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@csp.gov.lv
Phone: +371 67366989, +371 27880666
More information on data:
Mārīte Baranova
Industrial and Construction Statistics Section
E-mail: Marite.Baranova@csp.gov.lv
Phone: +371 67366830
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