In November industrial production output reduced by 3.4 %

Central Statistical Bureau calendar adjusted data at constant prices show that, compared to November 2022, in November 2023 industrial production output¹ reduced by 3.4 %. Output in mining and quarrying fell by 9.7 %, in manufacturing by 1.8 %, and in electricity and gas supply by 9.6 %.

The most significant output downturn was observed in manufacture of furniture (22.1 %), followed by printing and reproduction of recorded media (20.6 %), manufacture of wearing apparel (15.4 %), manufacture of other non-metallic mineral products (13.4 %), manufacture of beverages (12.6 %), and manufacture of chemicals and chemical products (10.4 %). Output in manufacture of fabricated metal products, except machinery and equipment, which is a sector having the third largest share in manufacturing, reduced by 2.0 %.

Industrial production output upturn was registered in manufacture of machinery and equipment (10.9 %), manufacture of computer, electronic and optical products (6.0 %), manufacture of electrical equipment (4.0 %), and manufacture of paper and paper products (1.9 %). Output increase was also recorded in two out of three sectors having the largest share in manufacturing: manufacture of food products and manufacture of wood and of products of wood and cork, except furniture (6.1 % and 1.3 %, respectively).

Compared to October 2023, in November 2023 industrial production output fell by 0.9 % (seasonally adjusted data at constant prices). Output in manufacturing increased by 2.2 %, while in electricity and gas supply as well as mining and quarrying reduced by 9.2 % and 3.8 %, respectively.

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 November 2022, in November 2023 manufacturing turnover reduced by 3.4 % (calendar adjusted data at current prices). Turnover on domestic market fell by 2.6 % and on non-domestic market by 3.9 % (of which drop of 12.2 % in euro area and rise of 3.4 % in non-euro area).

Compared to October 2023, in November 2023 manufacturing turnover rose by 5.3 % (seasonally adjusted data). Turnover on domestic market went up by 5.4 % and on non-domestic market by 5.3 % (of which by 0.1 % in euro area and by 9.4 % 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