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Official Statistics Portal of Latvia
Press release

Industrial production output increased by 1.1 % in November

Data compiled by the Central Statistical Bureau (CSB) show that, compared to November 2020, in November 2021, industrial production output1 according to calendar adjusted data at constant prices rose by 1.1 %. It was affected by the output increase in manufacturing (of 1.9 %), mining and quarrying (2.3 %), whereas the decrease was registered in electricity and gas supply (4.7 %).

Compared to the same month last year, industrial production increased by 33.7% in manufacture of motor vehicles, trailers and semi-trailers, 30% in manufacture of chemicals and chemical products, 24.1% in manufacture of beverages and 16.4% in manufacture of furniture. Output increase was registered also in two out of the three sectors having the largest share in manufacturing: manufacture of food products and manufacture of fabricated metal products, except machinery and equipment (0.5 % and 13.8 % respectively).

In turn, the largest decreases in output were recorded in the manufacture of wood and of products of wood and cork, down by 10.2 %, in the manufacture of electrical equipment by 6.5 % and in the manufacture of paper and paper products by 5.6%.

In November 2021, compared to October 2021, production output, according to seasonally adjusted data at constant prices, increased by 0.3 %, of which in electricity and gas supply – by 3.2 % and mining and quarrying – by 2.5 %, but a drop was registered in manufacturing – by 0.2 %.

Changes in industrial production output

(as per cent, at constant prices)

 

January–November 2021, compared to January – November  2020 (calendar adjusted)

November 2021, compared to

October 2021 (seasonally adjusted)

November 2020

(calendar adjusted)

Total industrial production

6.4

0.3

1.1

Mining and quarrying

5.9

2.5

2.3

Manufacturing

7.5

-0.2

1.9

Manufacture of food products

-0.6

-1.3

0.5

Manufacture of beverages

10.0

3.0

24.1

Manufacture of textiles

6.3

1.9

11.0

Manufacture of wearing apparel

16.6

-4.7

-3.5

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

4.9

-0.9

-10.2

Manufacture of paper and paper products

2.4

-3.8

-5.6

Printing and reproduction of recorded media

13.8

4.6

7.3

Manufacture of chemicals and chemical products

22.2

5.1

30.0

Manufacture of other non-metallic mineral products

4.4

3.1

8.9

Manufacture of fabricated metal products, except machinery and equipment

9.4

-0.1

13.8

Manufacture of electrical equipment

4.0

1.0

-6.5

Manufacture of machinery and equipment

21.3

-0.6

15.6

Manufacture of motor vehicles, trailers and semi-trailers

33.6

5.4

33.7

Manufacture of furniture

26.5

-6.3

16.4

Repair and installation of machinery and equipment*

-10.4

11.4

-2.8

Electricity and gas supply

0.9

3.2

-4.7

* Repair and maintenance of ships and boats, repair of fabricated metal products, machinery and equipment, installation of industrial machinery and equipment.

 

Manufacturing turnover2

Compared to November 2020, in November 2021, manufacturing turnover, according to calendar adjusted data at current prices rose by 21.2 %. Turnover in the domestic market increased by 12.6 % and export turnover – by 25.5 % (of which by 27.6 % in euro area and by 23.7 % in non-euro area).

Compared to October 2021, in November 2021 manufacturing turnover, according to seasonally adjusted data rose by 2.2 %. Turnover in the domestic market increased by 0.3 % and export turnover – by 3.1% of which by 10.1 % in euro area and decreased by 2 % 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 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.

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@csb.gov.lv
Phone: +371 67366830

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