Official statistics portal
CSB
Official statistics of Latvia
Official Statistics Portal of Latvia
Press release

In May industrial production output grew by 5.3 %

Data compiled by the Central Statistical Bureau of Latvia (CSB) show that, compared to May 2021, in May 2022 industrial production output1 increased by 5.3 % (according to calendar adjusted data at constant prices). Output rise was recorded in manufacturing (of 7.5 %) as well as mining and quarrying (of 0.7 %). In electricity and gas supply there was a drop of 11.1 %.

In May of this year, industrial production output upturn was registered in 17 manufacturing sectors out of 22, including in manufacture of basic pharmaceutical products and pharmaceutical preparations, manufacture of motor vehicles, trailers and semi-trailers (of 22.4 %), manufacture of beverages (21.9 %), manufacture of wearing apparel (20.5 %), as well as printing and reproduction of recorded media (15.8 %). Output rise was registered also in two out of three sectors having the largest share in manufacturing: manufacture of food products and manufacture of fabricated metal products, except machinery and equipment (of 2.6 % and 5.7 %, respectively).

Industrial production output decline, in turn, was observed in manufacture of computer, electronic and optical products (of 17.3 %), repair and installation of machinery and equipment (14.4 %), manufacture of machinery and equipment (6.5 %), as well as manufacturing sector having the largest share in total manufacturing – manufacture of wood and cork articles, except furniture (1 %).

Compared to April 2022, in May 2022 industrial production output grew by 0.2 % (according to seasonally adjusted data at constant prices). Of which in manufacturing by 1.1 %, in mining and quarrying by 5.0 %, whereas in electricity and gas supply there was a drop of 5.4 %.

Change in industrial production output

(per cent, at constant prices)

 

January–May 2022,

compared to

January–May 2021

(calendar adjusted)

May 2022, compared to

April 2022 (seasonally adjusted)

May 2021

(calendar adjusted)

Total industrial production

4.2

0.2

5.3

Mining and quarrying

3.3

5.0

0.7

Manufacturing

6.9

1.1

7.5

Manufacture of food products

-1.0

-0.6

2.6

Manufacture of beverages

24.2

1.6

21.9

Manufacture of textiles

3.3

12.9

13.9

Manufacture of wearing apparel

6.4

2.4

20.5

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

5.4

-6.6

-1.0

Manufacture of paper and paper products

-2.5

2.7

6.6

Printing and reproduction of recorded media

18.5

0.1

15.8

Manufacture of chemicals and chemical products

16.4

-4.6

-1.2

Manufacture of other non-metallic mineral products

14.4

-4.1

9.9

Manufacture of fabricated metal products, except machinery and equipment

8.5

-7.6

5.7

Manufacture of computer, electronic and optical products

-17.6

-7.3

-17.3

Manufacture of electrical equipment

3.9

10.3

7.1

Manufacture of machinery and equipment

-1.3

2.7

-6.5

Manufacture of motor vehicles, trailers and semi-trailers

17.9

2.4

22.4

Manufacture of furniture

5.7

10.6

14.8

Repair and installation of machinery and equipment*

3.8

-3.0

-14.4

Electricity and gas supply

-13.7

-5.4

-11.1

* 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 May 2021, in May 2022 manufacturing turnover grew by 28.1 % (according to calendar adjusted data at current prices). Turnover on the domestic market went up by 27 % and in export by 28.6 % (of which by 38.3 % in euro area and by 21.6 % in non-euro area).

Compared to April 2022, in May 2022 manufacturing turnover fell by 0.7 % (according to seasonally adjusted data). Turnover on the domestic market went down by 1.8 % and in export by 0.1 % (of which by 3.4 % in euro area, while in non-euro area there was an upturn of 2.7 %).

The data published may be specified during the upcoming months if additional information is received.

Methodological explanations

1 Industrial production output is calculated by summing the self-produced products sold and industrial services provided during the respective month with the change 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 with the base period. The index is estimated by recalculating the production output indicator at constant prices with the help of producer price indices.

2 Industrial turnover covers the self-produced products sold and industrial services provided during the respective month. Industrial turnover index characterises monthly changes in demand for industrial goods and services on the market. 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

Share