Manufacturing production output increased by 2.4 % in October
Data compiled by the Central Statistical Bureau (CSB) show that, compared to October 2020, in October 2021 industrial production output1 increased by 2.4 % according to calendar adjusted data at constant prices. Production output increase was registered in manufacturing - by 3.9 %, in mining and quarrying - by 3.1 %, but decreased in electricity and gas supply - by 7.1 %.
Compared to the corresponding month of the previous year, manufacturing production output growth remained significant in the manufacture of furniture - by 30.6 %, in the manufacture of machinery and equipment n.e.c - by 21.6 % and chemical manufacture of substances and chemical products - by 20 %. Output also increased in two of the three largest sectors, food production - by 1.2 % and manufacture of fabricated metal products, except machinery and equipment - by 14.6 %.
In turn, the production volume decreased in repair and installation of machinery and equipment - by 19.2 %, in the manufacture of electrical equipment - by 4.2 %, and in the manufacture of the largest manufacturing industry: in the manufacture of wood and of products of wood and cork- by 6.4 %.
In October 2021, compared to September 2021, manufacturing production output according to seasonally adjusted data at constant prices decreased by 1.5 %. The decline in production was in electricity and gas supply – by 7,6 % and manufacturing – by 0,4 %, in turn increase was observed in mining and quarrying - by 0,4 %.
Changes in industrial production output
(as per cent, at constant prices)
| January–October 2021 compared to January–October 2020 (calendar adjusted) | October 2021, compared to | |
September 2021 (seasonally adjusted) | October 2020 (calendar adjusted) | ||
Total industrial production | 7.0 | -1.5 | 2.4 |
Mining and quarrying | 6.2 | 0.4 | 3.1 |
Manufacturing | 8.1 | -0.4 | 3.9 |
Manufacture of food products | -0.7 | 1.1 | 1.2 |
Manufacture of beverages | 8.9 | 3.4 | 14.8 |
Manufacture of textiles | 5.6 | 3.0 | 2.9 |
Manufacture of wearing apparel | 19.2 | -2.9 | 14.2 |
Manufacture of wood and of products of wood and cork, except furniture | 6.5 | -2.8 | -6.4 |
Manufacture of paper and paper products | 3.2 | -7.0 | 4.4 |
Printing and reproduction of recorded media | 14.6 | 1.7 | 9.3 |
Manufacture of chemicals and chemical products | 20.9 | -6.1 | 20.0 |
Manufacture of other non-metallic mineral products | 3.8 | 8.6 | 8.4 |
Manufacture of fabricated metal products, except machinery and equipment | 8.9 | 4.1 | 14.6 |
Manufacture of electrical equipment | 5.4 | -3.3 | -4.2 |
Manufacture of machinery and equipment | 21.9 | -9.7 | 21.6 |
Manufacture of motor vehicles, trailers and semi-trailers | 33.6 | 0.0 | 14.1 |
Manufacture of furniture | 27.8 | 3.5 | 30.6 |
Repair and installation of machinery and equipment* | -10.9 | -26.3 | -19.2 |
Electricity and gas supply | 1.5 | -7.6 | -7.1 |
* 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 October 2020, in October 2021 manufacturing turnover, according to calendar adjusted data at current prices, increased by 21,2 %. Turnover increased by 15.3 % in the domestic market and by 24.1 % in exports (including 16.3 % in the euro area and by 30.6 % in non-euro area).
In October 2021, compared to September 2021, manufacturing turnover, according to seasonally adjusted data, decreased by 1.3 %. Turnover decreased by 3.3 % in the domestic market and by 0.3 % in exports (by 0.9 % in the euro area but increased by 0.1 % 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
Phone.: +371 67366989, +371 27880666
More information on data:
Mārīte Baranova
Industrial and Construction Statistics Section
E-mail: Marite.Baranova@csp.gov.lv
Phone.: +371 67366830
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