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Wednesday 08.04.2020 | Name days: Dana, Dans, Danute, Edgars
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October’s industrial production output in Latvia increases 3%

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Latvia, CSP, statistics, industrial outputCompared to October 2018, industrial production output increased by 3 % in October 2019, according to calendar adjusted data at constant prices.

Output rise in manufacturing constituted 1.8 %, in electricity and gas supply 11.9 %, while in mining and quarrying there was a drop of 19.6 %, according to data compiled by the Central Statistical Bureau of Latvia.

Compared to the corresponding month of the previous year, output rise (of 1.1 %) was recorded in the manufacturing sector having the largest share in industrial production – manufacture of wood and of products of wood and cork. Upturn was also registered in manufacture of fabricated metal products, except machinery and equipment (of 15.8 %) and manufacture of non-metallic mineral products (5.2 %).

Decline, in turn, was recorded in manufacture of food products (of 1.8 %), repair and installation of machinery and equipment (14.4 %), as well as manufacture of computer, electronic and optical products (2.5 %).

Compared to September 2019, industrial production output fell by 2.3 % in October 2019, according to seasonally adjusted data at constant prices, of which in electricity and gas supply by 12.7 %, whereas in mining and quarrying there was an increase of 0.6 %. Manufacturing output did not change.

Compared to October 2018, manufacturing turnover increased by 1.2 % in October. Turnover on the domestic market went up by 9.1 % while in export fell by 2.8 % (drop of 6.1 % in euro area and rise of 0.2 % in non-euro area).

Compared to September 2019, manufacturing turnover rose by 0.9 % in October 2019. Turnover on the domestic market rose by 7.6 % whereas in export went down by 2.6 % (of which decline of 0.1 % in euro area and of 4.6 % in non-euro area).


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