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Official Statistics Portal of Latvia
Press release

Industrial production output rose by 4.7 % in March

Data compiled by the Central Statistical Bureau (CSB) show that, compared to March 2020, in March   2021 industrial production output1 rose by 4.7 % according to calendar adjusted data at constant prices. Production output increase was registered in manufacturing - by 3.8 %, in mining and quarrying - by 11.2 %, and in electricity and gas supply - by 7.4 %.

A significant increase in production compared to March last year, when the first wave of the Covid-19 pandemic broke out and a state of emergency was declared, was in the manufacture of machinery and equipment - by 23.1 % and in the manufacture of motor vehicles, trailers and semi-trailers - by 17.1 % in manufacture of computers, electronic and optical products, basic pharmaceutical products and pharmaceutical preparations. The increase in production in March was also registered in the manufacture of wearing apparel - by 33.1 %, the manufacture of furniture - by 23.4 % and two of the three largest manufacturing industries - manufacture of wood and of products of wood and cork, and manufacture of fabricated metal products, except machinery and equipment (by 1.3 % and 8 % respectively).

In turn, the decline in output was in repair and installation of machinery and equipment - by 34.1 %, in manufacture of non-metallic mineral products - by 4.4 %, in manufacture of textiles - by 3.2 % and in manufacture of other transport equipment, as well as in the second largest manufacturing industry - food production (by 2.9 %).

In March 2021, compared to February 2021, according to seasonally adjusted data at constant prices, manufacturing output increased by 0.5 %, including in manufacturing - by 0.6 % and in mining and quarrying - by 0.3 %, but in electricity and gas supply it decreased by 3.4 %.

Changes in industrial production output

(as per cent, at constant prices)

 

1st quarter of 2021

compared to

March 2021

compared to

2020

4th quarter

 (seasonally adjusted)

2020

1st quarter

(calendar adjusted)

February  2021 (seasonally adjusted)

March 2020

(calendar adjusted)

Total industrial production

0.6

3.6

0.5

4.7

Mining and quarrying

0.8

1.6

0.3

11.2

Manufacturing

-0.3

2.7

0.6

3.8

Manufacture of food products

-2.7

-4.5

0.5

-2.9

Manufacture of beverages

-7.2

-12.7

37.3

6.7

Manufacture of textiles

4.1

-8.2

8.3

-3.2

Manufacture of wearing apparel

6.9

22.4

-11.0

33.1

Manufacture of wood and of products of wood and cork, except furniture

-5.6

3.8

-4.1

1.3

Manufacture of paper and paper products

11.5

-0.9

1.7

2.4

Printing and reproduction of recorded media

-4.1

9.4

-0.6

7.9

Manufacture of chemicals and chemical products

7.8

12.1

-0.9

15.8

Manufacture of other non-metallic mineral products

-1.9

-5.0

1.8

-4.4

Manufacture of fabricated metal products, except machinery and equipment

1.8

0.4

-1.0

8.0

Manufacture of electrical equipment

-8.0

3.7

4.6

8.3

Manufacture of machinery and equipment

6.2

12.9

5.0

23.1

Manufacture of motor vehicles, trailers and semi-trailers

7.4

15.3

-3.3

17.1

Manufacture of furniture

6.9

20.9

-5.9

23.4

Repair and installation of machinery and equipment*

-6.7

-27.2

-16.5

-34.1

Electricity and gas supply

6.9

7.9

-3.4

7.4

* Repair and maintenance of ships and boats, repair and maintenance of all kinds of equipment and devices, installation of industrial machinery and equipment

Manufacturing turnover2

Compared to March 2020, in March 2021 manufacturing turnover, according to calendar adjusted data at current prices, increased by 14.3 %. Turnover increased by 6.6 % in the domestic market and by 18.3 % in exports (including 8.4 % in the euro area and by 26.3 % in non-euro area).

In March 2021, compared to February 2021, manufacturing turnover, according to seasonally adjusted data, increased by 2.7 %. Turnover increased by 4 % in the domestic market and by 2.1% in exports (including 2.2 % in the euro area and by 2 % in non-euro area).

 

Taking into account the information obtained and updated from the respondents for January and February 2021 (the type of activity of enterprises, industrial production output and turnover indicators were specified), adjustments were made to the data on manufacturing statistics for January and February.

Methodological explanations

 

1 Industrial production is calculated by summing the self-produced products sold and industrial services provided in a given month with the changes in stocks of finished products and work in progress. The industrial production volume index (IPI) describes changes in the volume of industrial production during the reference period in comparison to the base period. IPI is estimated by recalculating the production output indicator at constant prices with the help of producer price indices.

 

2Industrial turnover is the self-produced products sold and industrial services provided in a given month. The industrial turnover index measures the monthly development of market demand for industrial goods and services. 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@csb.gov.lv
Phone: +371 67366989, +371 27880666

More information on data:
Madara Liepiņa
Industrial and Construction Statistics Section
E-mail:
Madara.Liepina@csb.gov.lv
Phone.: +371 67366953

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