RRUI2208
In June industrial production output grew by 0.7 %
Data compiled by the Central Statistical Bureau of Latvia (CSB) show that, compared to June 2021, in June 2022 industrial production output1 increased by 0.7 % (according to calendar adjusted data at constant prices). The increase was caused by the output upturn in manufacturing of 3.1 %. However, production output decline (due to the reduction in the volume of electricity produced by combined heat and power plants and gas supply to consumers) was registered in electricity and gas supply (of 15.8 %) as well as mining and quarrying (7.8 %).
Compared to the corresponding month of the previous year, the most notable manufacturing output rise was registered in manufacture of basic pharmaceutical products and pharmaceutical preparations, manufacture of other transport equipment, manufacture of motor vehicles, trailers and semi-trailers (of 18 %), manufacture of textiles (12.9 %) as well as manufacture of beverages (10.3 %).
Output downturn, in its turn, was recorded in manufacture of machinery and equipment not elsewhere classified (of 15.1 %), manufacture of computer, electronic and optical products (12.4 %), and two out of three sectors having the largest share in manufacturing: manufacture of wood and of products of wood and cork, except furniture (10 %) and manufacture of food products (0.2 %).
Compared to May 2022, in June 2022 industrial production output fell by 2.1 % (according to seasonally adjusted data at constant prices). Of which, output in manufacturing dropped by 1.5 %, in mining and quarrying by 3.5 %, and electricity and gas supply by 1.4 %.
Change in industrial production output
(per cent, at constant prices)
| JAN–JUN 2022 compared to JAN–JUN 2021 (calendar adjusted) | Q2 2022 compared to | JUN 2022 compared to | ||
Q1 2022 (seasonally adjusted) | Q2 2021 (calendar adjusted) | MAY 2022 (seasonally adjusted) | JUN 2021 (calendar adjusted) | ||
Total industrial production | 3.8 | 1.1 | 3.6 | -2.1 | 0.7 |
Mining and quarrying | 1.5 | -7.5 | -5.5 | -3.5 | -7.8 |
Manufacturing | 6.5 | 0.9 | 5.8 | -1.5 | 3.1 |
Manufacture of food products | -0.6 | 2.8 | 1.3 | -1.0 | -0.2 |
Manufacture of beverages | 20.7 | 2.8 | 16.1 | 3.0 | 10.3 |
Manufacture of textiles | 5.0 | 2.7 | 5.9 | -1.6 | 12.9 |
Manufacture of wearing apparel | 6.6 | 5.8 | 13.4 | -4.2 | 7.8 |
Manufacture of wood and of products of wood and cork, except furniture | 2.9 | -0.8 | -0.5 | -5.0 | -10.0 |
Manufacture of paper and paper products | -3.3 | 5.6 | 1.3 | -11.3 | -8.1 |
Printing and reproduction of recorded media | 14.8 | 3.6 | 10.8 | -12.3 | -3.5 |
Manufacture of chemicals and chemical products | 14.0 | -14.8 | -3.2 | -2.3 | -1.2 |
Manufacture of other non-metallic mineral products | 11.7 | -1.3 | 7.1 | -8.8 | -4.1 |
Manufacture of fabricated metal products, except machinery and equipment | 8.2 | 0.0 | 4.9 | 0.5 | 3.5 |
Manufacture of computer, electronic and optical products | -16.7 | 12.5 | -12.6 | 5.5 | -12.4 |
Manufacture of electrical equipment | 4.8 | 2.4 | 4.0 | 1.8 | 8.0 |
Manufacture of machinery and equipment | -3.6 | -6.9 | -10.8 | -11.8 | -15.1 |
Manufacture of motor vehicles, trailers and semi-trailers | 18.7 | 4.9 | 22.8 | 0.7 | 18.0 |
Manufacture of furniture | 5.0 | 1.3 | 5.0 | -5.7 | 1.2 |
Repair and installation of machinery and equipment* | 1.3 | -8.0 | -6.2 | -3.1 | -8.4 |
Electricity and gas supply | -13.9 | 3.9 | -9.0 | -1.4 | -15.8 |
* 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 June 2021, in June 2022 manufacturing turnover increased by 11.9 % (according to calendar adjusted data at current prices). Turnover on the domestic market went up by 15.7 % and in export by 9.8 % (of which by 21.7 % in euro area and by 1.2 % in non-euro area).
Compared to May 2022, in June 2022 manufacturing turnover declined by 5.2 % (according to seasonally adjusted data). Turnover on the domestic market dropped by 0.7 % and in export by 7.5% (of which by 6.2 % in euro area and by 8.5 % in non-euro area).
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
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