RRUI2403
In March industrial production output rose by 0.7 %
Central Statistical Bureau calendar adjusted data at constant prices show that, compared to March 2023, in March 2024 industrial production output1 rose by 0.7 %. Output in manufacturing reduced by 1.0 % while in electricity and gas supply rose by 3.2 % and in mining and quarrying by 25.8 %.
The most reduced industrial production output was registered in manufacture of furniture (23.3 %), manufacture of motor vehicles, trailers and semi-trailers (18.7 %), manufacture of computer, electronic and optical products (15.9 %), manufacture of wearing apparel (13.8 %), as well as printing and reproduction of recorded media (4.6 %). Lower output was also recorded in one of the manufacturing sectors having the largest share in manufacturing – manufacture of fabricated metal products, except machinery and equipment (12.4 %).
Increased output was registered in repair and installation of machinery and equipment (33.1 %), manufacture of chemicals and chemical products (13.3 %), manufacture of beverages (8.2 %), as well as manufacture of textiles (7.5 %). Rise was also recorded in two out of three sectors having the largest share in manufacturing: manufacture of food products as well as manufacture of wood and of products of wood and cork, except furniture (0.9 % and 1.7 %, respectively).
Compared to February 2024, in March 2024 industrial production output went down by 0.5 % (seasonally adjusted data at constant prices). In manufacturing it rose by 1.6 % while in electricity and gas supply reduced by 7.0 % and in mining and quarrying by 1.6 %.
Change in industrial production output
(per cent, at constant prices)
| Q1 2024 compared to | March 2024 compared to | ||
Q4 2023 (seasonally adjusted) | Q1 2023 (calendar adjusted) | February 2024 (seasonally adjusted) | March 2023 (calendar adjusted) | |
Total | 0.5 | -0.1 | -0.5 | 0.7 |
Mining and quarrying | 12.6 | 18.6 | -1.6 | 25.8 |
Manufacturing | -2.7 | -3.9 | 1.6 | -1.0 |
Manufacture of food products | -1.3 | 2.3 | 0.3 | 0.9 |
Manufacture of beverages | 4.8 | -2.2 | 17.7 | 8.2 |
Manufacture of textiles | 4.7 | -1.1 | 3.3 | 7.5 |
Manufacture of wearing apparel | 2.2 | -12.3 | -0.3 | -13.8 |
Manufacture of wood and of products of wood and cork, except furniture | -1.9 | -0.1 | -1.9 | 1.7 |
Manufacture of paper and paper products | 3.4 | 3.7 | 0.7 | 3.0 |
Printing and reproduction of recorded media | 15.7 | 7.0 | -11.6 | -4.6 |
Manufacture of chemicals and chemical products | 7.3 | 10.7 | -4.3 | 13.3 |
Manufacture of other non-metallic mineral products | -1.7 | -11.7 | -0.6 | -4.6 |
Manufacture of fabricated metal products, except machinery and equipment | -8.3 | -11.0 | -0.9 | -12.4 |
Manufacture of computer, electronic and optical products | -3.6 | -13.1 | 3.0 | -15.9 |
Manufacture of electrical equipment | -14.2 | -1.0 | -0.6 | 1.9 |
Manufacture of machinery and equipment | -11.5 | -2.7 | 8.1 | 5.0 |
Manufacture of motor vehicles, trailers and semi-trailers | -2.8 | -2.0 | -11.5 | -18.7 |
Manufacture of furniture | -2.4 | -19.3 | -3.3 | -23.3 |
Repair and installation of machinery and equipment* | 26.5 | 8.0 | 5.1 | 33.1 |
Electricity and gas supply** | 8.7 | 9.3 | -7.0 | 3.2 |
* Repair and maintenance of ships and boats, repair of fabricated metal products, machinery and equipment, installation of industrial machinery and equipment.
** Excluding steam and air conditioning supply.
Manufacturing turnover2
Compared to March 2023, in March 2024 manufacturing turnover reduced by 5.3 % (calendar adjusted data at current prices). Turnover on domestic market fell by 4.3 % and on non-domestic market by 5.7 % (of which by 3.7 % in euro area and by 7.3 % in non-euro area).
Compared to February 2024, in March 2024 manufacturing turnover fell by 0.1 % (seasonally adjusted data). Turnover on domestic market went down by 2.0 % and on non-domestic market went up by 0.9 % (of which drop of 0.4 % in euro area and rise of 2.1 % 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.
Media requests:
Communication Section
E-mail: media@csp.gov.lv
Phone: +371 27880666
More information on data:
Uga Puikevics
Industrial and Construction Statistics Section
E-mail: Uga.Puikevics@csp.gov.lv
Phone: +37167366954
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