RRUI2407
In July industrial production output rose by 1.4 %
Central Statistical Bureau calendar adjusted data at constant prices show that, compared to July 2023, in July 2024 industrial production output1 increased by 1.4 %. Output in manufacturing went down by 6.4 % while in mining and quarrying as well as in electricity and gas supply, with a significant increase in the amount of electricity generated by combined heat and power plants, up by 6.1 % and 66.0 %, respectively.
Reduced industrial production output was registered in manufacture of motor vehicles, trailers and semi-trailers (27.1 %), manufacture of electrical equipment (15.8 %), manufacture of computer, electronic and optical products (15.3 %), manufacture of machinery and equipment (14.9 %), as well as printing and reproduction of recorded media (11.7 %). Downturn was also recorded in the three sectors having the largest share in manufacturing: manufacture of fabricated metal products, except machinery and equipment (12.7 %), manufacture of wood and of products of wood and cork, except furniture (7.2 %), and manufacture of food products (1.5 %).
Increased output was registered in repair and installation of machinery and equipment (48.5 %), manufacture of wearing apparel (10.3 %), manufacture of textiles (7.2 %), manufacture of other non-metallic mineral products (6.8 %), and manufacture of furniture (2.2 %).
Compared to June 2024, in July 2024 industrial production output rose by 0.9 % (seasonally adjusted data at constant prices). In electricity and gas supply it increased by 60.8 % while manufacturing as well as mining and quarrying fell by 2.1 % and 3.3 %, respectively.
Change in industrial production output
(per cent, at constant prices)
| January–July 2024 | July 2024 compared to | |
June 2024 | July 2023 | ||
Total | -2.0 | 0.9 | 1.4 |
Mining and quarrying | 12.8 | -3.3 | 6.1 |
Manufacturing | -4.4 | -2.1 | -6.4 |
Manufacture of food products | 1.0 | -1.9 | -1.5 |
Manufacture of beverages | -1.9 | 0.2 | -2.3 |
Manufacture of textiles | -1.6 | 1.6 | 7.2 |
Manufacture of wearing apparel | -5.9 | 7.9 | 10.3 |
Manufacture of wood and of products of wood and cork, except furniture | -2.2 | -1.1 | -7.2 |
Manufacture of paper and paper products | 0.5 | -3.3 | -3.6 |
Printing and reproduction of recorded media | 3.6 | -24.5 | -11.7 |
Manufacture of chemicals and chemical products | 9.2 | -8.6 | -0.6 |
Manufacture of other non-metallic mineral products | -1.3 | 0.9 | 6.8 |
Manufacture of fabricated metal products, except machinery and equipment | -10.0 | -7.5 | -12.7 |
Manufacture of computer, electronic and optical products | -13.7 | -0.9 | -15.3 |
Manufacture of electrical equipment | -2.4 | -12.8 | -15.8 |
Manufacture of machinery and equipment | -17.5 | 4.2 | -14.9 |
Manufacture of motor vehicles, trailers and semi-trailers | -9.6 | -30.9 | -27.1 |
Manufacture of furniture | -12.3 | -5.9 | 2.2 |
Repair and installation of machinery and equipment * | 10.2 | 5.4 | 48.5 |
Electricity and gas supply ** | 6.8 | 60.8 | 66.0 |
* 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 July 2023, in July 2024 manufacturing turnover reduced by 6.4 % (calendar adjusted data at current prices). Turnover on domestic market fell by 2.2 % and on non-domestic market by 8.8 % (of which by 6.3 % in euro area and by 11.0 % in non-euro area).
Compared to June 2024, in July 2024 manufacturing turnover reduced by 4.8 % (seasonally adjusted data). Turnover on domestic market went down by 0.1 % and on non-domestic market by 7.2 % (of which by 3.4 % in euro area and by 10.4 % 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 the industrial output that also includes 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:
Līga Daniela Robate
Industrial and Construction Statistics Section
E-mail: Liga.Robate@csp.gov.lv
Phone: +371 67366950
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