In July industrial production output reduced by 8.7 %

Central Statistical Bureau calendar adjusted data at constant prices show that, compared to July 2022, in July 2023 industrial production output¹ reduced by 8.7 %. Output downturn was recorded in mining and quarrying (21.5 %), manufacturing (6.2 %), as well as electricity and gas supply (19.7 %, as electricity demand reduced).

Industrial production output fell in two out of three sectors having the largest share in manufacturing: manufacture of wood and of products of wood and cork, except furniture, and manufacture of fabricated metal products, except machinery and equipment (by 1.6 % and 8.4 %, respectively). Output reduction was also recorded in printing and reproduction of recorded media (29.8 %), manufacture of beverages (7.3 %), manufacture of other non-metallic mineral products (16.4 %), manufacture of motor vehicles, trailers and semi-trailers (parts and accessories for motor vehicles) (17.8 %), repair and installation of machinery and equipment (7.3 %), manufacture of electrical equipment (1.9 %), manufacture of machinery and equipment (12.0 %), and manufacture of chemicals and chemical products (2.5 %).

Industrial production output upturn, compared to the corresponding month of the previous year, was registered in manufacture of computer, electronic and optical products as well as manufacture of paper and paper products (of 19.5 % and 1.5 %, respectively). Output increase was also registered in the manufacturing sector having the second largest share in manufacturing – manufacture of food products (2.9 %).

Compared to June 2023, in July 2023 industrial production output fell by 2.8 % (seasonally adjusted data at constant prices). Output in manufacturing reduced by 1.7 %, in mining and quarrying by 4.4 % and in electricity and gas supply by 14.0 %. 

Change in industrial production output

(per cent, at constant prices)

* 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 July 2022, in July 2023 manufacturing turnover reduced by 6.1 % (calendar adjusted data at current prices). Turnover on domestic market went down by 2.4 % and on non-domestic market by 8.1 % (of which by 4.3 % in euro area and by 11.2 % in non-euro area).

Compared to June 2023, in July 2023 manufacturing turnover rose by 0.3 % (seasonally adjusted data). Turnover on the domestic market increased by 1.6 % and on non-domestic market reduced by 0.4 % (of which rise of 0.3 % in euro area and drop of 0.9 % in non-euro area).

The data published may be specified during the upcoming months if additional information is received.

Methodological information

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 to 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.

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Communication Section
E-mail: media@csp.gov.lv
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More information on data:
Uga Puikevics
Industrial and Construction Statistics Section
E-mail: Uga.Puikevics@csp.gov.lv
Phone: +371 67366954