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Industrial production up by 7.6% in June in Latvia

Data published August 3 by the Central Statistical Bureau (CSB) show that, compared to June 2020, in June 2021 industrial production output increased by 7.6% according to calendar adjusted data at constant prices.

The number was affected by the output increase in manufacturing - by 10.9% and in mining and quarrying - by 9.3%. In turn, industrial production output decreased in electricity and gas supply - by 14.9%, with a significant decrease in the volume of electricity produced in Combined Heat and Power plants (CHP) and gas supply to consumers.

Compared to June of the previous year, there was still a significant increase in production output in high and medium-high technology sectors, In turn, output decreased in the second largest manufacturing industry - food production (by 0.8 %), in the manufacture of basic pharmaceutical products and in the manufacture of transport equipment.

Compared to May 2021, in June 2021 industrial production output according to seasonally adjusted data at constant prices increased by 1.3%. Production output increase was registered in manufacturing - by 1.2%, in mining and quarrying - by 5.4%, and in electricity and gas supply - by 3.6%.

Compared to June 2020, in June 2021 manufacturing turnover, according to calendar adjusted data at current prices, increased by 31.3%. Turnover increased by 29.2% in the domestic market and by 32.5% in exports (including 26.3% in the euro area and by 37.3% in the non-euro area).

 

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