Manufacturing production output increased by 10.1 % in May

Data compiled by the Central Statistical Bureau (CSB) show that, compared to May 2020, in May 2021 industrial production output¹ rose by 10.1 % according to calendar adjusted data at constant prices. Production output increase was registered in manufacturing - by 11 %, in electricity and gas supply – by 3.8 %, andin mining and quarrying - by 2.4 %.

Compared to the corresponding month of the previous year, when the second largest decline in production during the Covid-19 pandemic was observed, the manufacturing production output in all the following sectors continued to show a significant increase: in production of motor vehicles, trailers and semi-trailers - by 70.4 %, the manufacture of furniture - by 47.3 %, manufacture of machinery and equipment n.e.c. - by 29 % as well as manufacture of computers, electronic and optical products. Output continued to grow significantly in the manufacture of textiles - by 25 %, in printing and reproduction of recorded media - by 20 % and in 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 11.1 % and 5.1 % respectively).

In turn, the volume of production decreased in the repair and installation of machinery and equipment - by 14.6 % and in food production - by 2.3 %.

In May 2021, compared to April 2021, according to seasonally adjusted data at constant prices, manufacturing output decreased by 2.3 %, including in manufacturing - by 2.4 % and in mining and quarrying - by 5.9 %, but in electricity and gas supply it increased by 1.8 %.

Changes in industrial production output

(as per cent, at constant prices)

* 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 May 2020, in May 2021 manufacturing turnover, according to calendar adjusted data at current prices, increased by 25.7 %. Turnover increased by 16.7 % in the domestic market and by 30.7 % in exports (including 20.4 % in the euro area and by 39.5 % in non-euro area).

In May 2021, compared to April 2021, manufacturing turnover, according to seasonally adjusted data, decreased by 0.8 %. Turnover decreased by 1.7 % in the domestic market and by 0.4 % in exports (it decreased by 2 % in the euro area and increased by 0.8 % in non-euro area).

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