Industrial production declined nearly 10% in January

Data published March 6 by the Central Statistical Bureau of Latvia (CSB) show that in January 2023, compared to January 2022, industrial production output decreased by 9.8 % (according to calendar adjusted data at constant prices). Output downturns were recorded in manufacturing (6.1 %) as well as mining and quarrying (20.8 %).

A decline (of 20.8 %) was also registered in electricity and gas supply, as production of electricity in combined heat and power plants as well as gas distribution to consumers decreased.

Compared to December 2022, in January 2023 industrial production output dropped by 3.3 % (according to seasonally adjusted data at constant prices). Output in electricity and gas supply fell by 32.7 % and in manufacturing by 1.0 %, while in mining and quarrying there was a rise of 4.3 %.

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Compared to January 2022, in January 2023 manufacturing turnover increased by 8.8 % (according to calendar adjusted data at current prices). Turnover on the domestic market went up by 21.3 % and in export by 3.5 % (of which by 5.3 % in euro area and by 2.0 % in non-euro area).

Compared to December 2022, in January 2023 manufacturing turnover grew by 3.8 % (according to seasonally adjusted data). Turnover on the domestic market rose by 6.7 % and in export by 2.3 % (of which by 7.2 % in euro area, while in non-euro area there was a decline of 1.6 %).

The data may be revised during the upcoming months.

Change in industrial production output (per cent, at constant prices)



January 2023, compared to

December 2022 (seasonally adjusted)

January 2022

(calendar adjusted)

Total industrial production



Mining and quarrying






Manufacture of food products



Manufacture of beverages



Manufacture of textiles



Manufacture of wearing apparel



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



Manufacture of paper and paper products



Printing and reproduction of recorded media



Manufacture of chemicals and chemical products



Manufacture of other non-metallic mineral products



Manufacture of fabricated metal products, except machinery and equipment



Manufacture of computer, electronic and optical products



Manufacture of electrical equipment



Manufacture of machinery and equipment



Manufacture of motor vehicles, trailers and semi-trailers



Manufacture of furniture



Repair and installation of machinery and equipment*



Electricity and gas supply




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