Manufacturing output down 1.7% in September in Latvia

Data published on November 3 by the Central Statistical Bureau of Latvia (CSB) show that, compared to September 2021, in September 2022 manufacturing output dropped by 1.7 % (according to calendar-adjusted data at constant prices). 

Output downturn was registered in electricity and gas supply (production of electricity in hydropower plants and combined heat and power plants as well as gas distribution to consumers) – of 26 %, while output upturn in mining and quarrying – of 6.6 %. Total industrial production output fell by 3.7 %.

Compared to September 2021, output declined in all three sectors having the largest share in manufacturing – manufacture of wood and of products of wood and cork, except furniture (by 5.7 %), manufacture of food products (2.3 %), and manufacture of fabricated metal products, except machinery and equipment (10.1 %).  

Compared to August 2022, in September 2022 manufacturing output (according to seasonally adjusted data at constant prices) rose by 0.5 %, while output in electricity and gas supply reduced by 13.5 % and in mining and quarrying by 2.7 %. Total industrial production output fell by 0.9 %.

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Compared to September 2021, in September 2022 manufacturing turnover increased by 13.2 % (according to calendar adjusted data at current prices). Turnover on the domestic market went up by 20.1 % and in export by 9.9 % (of which by 21.4 % in euro area and by 1.5 % in non-euro area).

Compared to August 2022, in September 2022 manufacturing turnover grew by 3.5 % (according to seasonally adjusted data). Turnover on the domestic market went up by 2.8 % and in export by 3.9 % (of which by 5.8 % in euro area and by 2.2 % in non-euro area).

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