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Press release

Industrial production output increased by 7.6 % in June

Data compiled by the Central Statistical Bureau (CSB) show that, compared to June 2020, in June 2021 industrial production output1 increased by 7.6 % according to calendar adjusted data at constant prices. It was affected by the output increase in manufacturing - by 10.9 % and in mining and quarrying - by 9.3 %. In turn, industrial production output decreased in electricity and gas supply - by 14.9 %, with a significant decrease in the volume of electricity produced in Combined Heat and Power plants (CHP) and gas supply to consumers.

Compared to June of the previous year, there was still a significant increase in production output in high and medium-high technology sectors, such as: manufacture of computer, electronic and optical equipment, manufacture of motor vehicles, trailers and semi-trailers - by 37.1 %, manufacture of machinery and equipment n.e.c. - by 30 %, manufacture of electrical equipment - by 11.5 % and manufacture of chemicals and chemical products - by 10.8 %. Production output has increased significantly in the manufacture of furniture - by 31.8 %, in printing and reproduction of recorded media - by 25 % 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 17.4 % and 13.7 % respectively).

In turn, output decreased in the second largest manufacturing industry - food production (by 0.8 %), in manufacture of basic pharmaceutical products and pharmaceutical preparations and in manufacture of other transport equipment.

Compared to May 2021, in June 2021 industrial production output according to seasonally adjusted data at constant prices increased by 1.3 %. Production output increase was registered in manufacturing - by 1.2 %, in mining and quarrying - by 5.4 %, and in electricity and gas supply - by 3.6 %.

Changes in industrial production output

(as per cent, at constant prices)

 

2nd quarter of 2021 compared to

June 2021 compared to

2021 1st quarter (seasonally adjusted)

2020 2nd quarter (calendar adjusted)

May 2021 (seasonally adjusted)

June 2020 (calendar adjusted)

Total industrial production

2.4

12.6

1.3

7.6

Mining and quarrying

2.4

8.9

5.4

9.3

Manufacturing

2.2

14.2

1.2

10.9

Manufacture of food products

0.7

1.3

1.7

-0.8

Manufacture of beverages

14.1

16.6

20.8

13.9

Manufacture of textiles

2.9

26.4

-2.0

10.0

Manufacture of wearing apparel

-5.2

19.4

5.2

21.2

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

6.3

16.3

4.1

17.4

Manufacture of paper and paper products

-2.8

9.0

1.4

3.5

Printing and reproduction of recorded media

15.9

23.8

-2.5

25.0

Manufacture of chemicals and chemical products

15.1

15.8

-3.9

10.8

Manufacture of other non-metallic mineral products

4.0

14.1

3.7

7.6

Manufacture of fabricated metal products, except machinery and equipment

6.3

15.1

5.5

13.7

Manufacture of electrical equipment

5.6

8.3

1.6

11.5

Manufacture of machinery and equipment

9.5

31.0

-7.0

30.0

Manufacture of motor vehicles, trailers and semi-trailers

-5.1

67.6

3.2

37.1

Manufacture of furniture

-0.2

38.9

4.1

31.8

Repair and installation of machinery and equipment*

10.3

-6.1

-9.2

2.4

Electricity and gas supply

-0.3

2.6

3.6

-14.9

* 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 June 2020, in June 2021 manufacturing turnover, according to calendar adjusted data at current prices, increased by 31.3 %. Turnover increased by 29.2 % in the domestic market and by 32.5 % in exports (including 26.3 % in the euro area and by 37.3 % in non-euro area).

Compared to May 2021, in June 2021 manufacturing turnover, according to seasonally adjusted data, increased by 8.6 %. Turnover increased by 10.7 % in the domestic market and by 7.6 % in exports (including 8.7 % in the euro area and by 6.7 % in non-euro area).

Methodological explanations

1Industrial 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
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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