Industrial production rose by 2.8% in Latvia in January

Data published March 8 by the Central Statistical Bureau (CSB) show that, compared to January 2020, in January 2021 industrial production output rose by 2.8% according to calendar adjusted data at constant prices.

Production output increase was registered in manufacturing - by 2.2%, in mining and quarrying - by 4%, and in electricity and gas supply - by 7.5%.

A decrease in production output was observed in repair and installation of machinery and equipment - by 37.3%, in manufacture of textiles - by 7. % and in manufacture of other transport equipment. Output also decreased in food production and in manufacture of fabricated metal products (by 8 % and 2.3% respectively).

In January 2021, compared to December 2020, manufacturing production output according to seasonally adjusted data at constant prices decreased by 1.5%. Production output decrease was registered in manufacturing - by 1.7% and in electricity and gas supply – by 1.2%, while there was a slight increase in mining and quarrying - by 0.1%.

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

 

January 2021, compared to

December  2020 (seasonally adjusted)

January  2020 (calendar adjusted)

Total industrial production

-1.5

2.8

Mining and quarrying

0.1

4.0

Manufacturing

-1.7

2.2

Manufacture of food products

-5.4

-8.0

Manufacture of beverages

4.7

-1.4

Manufacture of textiles

25.4

-7.3

Manufacture of wearing apparel

0.2

16.6

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

-7.2

6.3

Manufacture of paper and paper products

9.4

3.2

Printing and reproduction of recorded media

1.2

14.7

Manufacture of chemicals and chemical products

9.8

9.6

Manufacture of other non-metallic mineral products

-3.0

-5.6

Manufacture of fabricated metal products, except machinery and equipment

3.2

-2.3

Manufacture of electrical equipment

-3.3

0.6

Manufacture of machinery and equipment

-4.2

4.3

Manufacture of motor vehicles, trailers and semi-trailers

-4.1

2.7

Manufacture of furniture

-11.8

13.3

Repair and installation of machinery and equipment*

-25.0

-37.3

Electricity and gas supply

-1.2

7.5

Manufacturing turnover

Compared to January 2020, in January 2021 manufacturing turnover, according to calendar adjusted data at current prices, increased by 2 %. Turnover increased by 1.5 % in the domestic market and by 2.3 % in exports (including 8.6 % in non-euro area while turnover decreased by 4.9 % in the euro area).

In January 2021, compared to December 2020, manufacturing turnover, according to seasonally adjusted data at current prices, decreased by 3.5 %. Export turnover decreased by 5.3 % (including in the euro area - by 9.5 %, and in non-euro area - by 1.8 %), while in the domestic market the turnover increased by 0.5 %.

 

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