Industrial production output rose by 4.7 % in March in Latvia

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Data published May 5 by the Central Statistical Bureau (CSB) show that, compared to March 2020, in March 2021 industrial production output rose by 4.7% according to calendar adjusted data at constant prices.

Production output increase was registered in manufacturing - by 3.8 %, in mining and quarrying - by 11.2 %, and in electricity and gas supply - by 7.4 %.

In March 2021, compared to February 2021, according to seasonally adjusted data at constant prices, manufacturing output increased by 0.5 %, including in manufacturing - by 0.6 % and in mining and quarrying - by 0.3 %, but in electricity and gas supply it decreased by 3.4 %.

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Changes in industrial production output

(as per cent, at constant prices)

 

1st quarter of 2021

compared to

March 2021

compared to

2020

4th quarter

 (seasonally adjusted)

2020

1st quarter

(calendar adjusted)

February  2021 (seasonally adjusted)

March 2020

(calendar adjusted)

Total industrial production

0.6

3.6

0.5

4.7

Mining and quarrying

0.8

1.6

0.3

11.2

Manufacturing

-0.3

2.7

0.6

3.8

Manufacture of food products

-2.7

-4.5

0.5

-2.9

Manufacture of beverages

-7.2

-12.7

37.3

6.7

Manufacture of textiles

4.1

-8.2

8.3

-3.2

Manufacture of wearing apparel

6.9

22.4

-11.0

33.1

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

-5.6

3.8

-4.1

1.3

Manufacture of paper and paper products

11.5

-0.9

1.7

2.4

Printing and reproduction of recorded media

-4.1

9.4

-0.6

7.9

Manufacture of chemicals and chemical products

7.8

12.1

-0.9

15.8

Manufacture of other non-metallic mineral products

-1.9

-5.0

1.8

-4.4

Manufacture of fabricated metal products, except machinery and equipment

1.8

0.4

-1.0

8.0

Manufacture of electrical equipment

-8.0

3.7

4.6

8.3

Manufacture of machinery and equipment

6.2

12.9

5.0

23.1

Manufacture of motor vehicles, trailers and semi-trailers

7.4

15.3

-3.3

17.1

Manufacture of furniture

6.9

20.9

-5.9

23.4

Repair and installation of machinery and equipment

-6.7

-27.2

-16.5

-34.1

Electricity and gas supply

6.9

7.9

-3.4

7.4

Manufacturing turnover

Compared to March 2020, in March 2021 manufacturing turnover, according to calendar adjusted data at current prices, increased by 14.3 %. Turnover increased by 6.6 % in the domestic market and by 18.3 % in exports (including 8.4 % in the euro area and by 26.3 % in non-euro area).

In March 2021, compared to February 2021, manufacturing turnover, according to seasonally adjusted data, increased by 2.7 %. Turnover increased by 4 % in the domestic market and by 2.1% in exports (including 2.2 % in the euro area and by 2 % in non-euro area).

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