Compared to 2018, manufacturing volume rose by 2%, based calendar adjusted data at constant prices in 2019. Mining and quarrying decreased by 5%, electricity and gas supply – by 4.4%, but industrial production output, which includes previously mentioned sectors grew by 0.8%.
Compared to the previous year, growth in manufacturing was affected by output growth in manufacture of fabricated metal products, except machinery and equipment (of 13.5%), in repair and installation of machinery and equipment (of 9.3%), in manufacture of computer, electronic and optical products (of 8.8%) and in manufacture of electrical equipment (of 16%) in 2019, according to data from the Central Statistical Bureau of Latvia.
Last year, 10 out of 22 manufacturing sectors showed production output growth.
Compared to 2018, a drop was recorded in manufacture of wearing apparel (of 5.5%), manufacture of motor vehicles, trailers and semi-trailers (3.7%) and manufacture of furniture (2.8%) in 2019.
Compared to December 2019, industrial production volume decreased by 3.2%, according to calendar adjusted data at constant prices in December 2019. There was output drop in manufacturing (of 1.9%), in mining and quarrying (of 5.3%) and in electricity and gas supply – (of 5.7%).
Compared to December 2018, the largest output drop was registered in manufacture of machinery and equipment (of 14.4%), in manufacture of motor vehicles, trailers and semi-trailers (of 13.2%) and in manufacture of textiles (of 9.6%). Production output also fell in two manufacturing sectors having the largest share in the industrial production: manufacture of wood and of products of wood (of 5.2%), manufacture of food products (of 0.3%).
Growth, in turn, was recorded in manufacture of furniture (of 15.6%), repair and installation of machinery and equipment (12.3%) and manufacture of beverages (10.5%).
Compared to November 2019, industrial production output fell by 0.3%, according to seasonally adjusted data at constant prices, of which by 0.3% in manufacturing and by 0.4% in electricity and gas supply, but in mining and quarrying there was an increase of 6.5% in December 2019.
Compared to 2018, manufacturing turnover increased by 3.4%, according to calendar adjusted data at current prices, in 2019. It was affected by turnover on the domestic market by 4.5% and in export by 2.8% (increase in euro area – of 2.9% and in non-euro area – of 2.7%).
Compared to December 2018, manufacturing turnover reduced by 3.2%, based on calendar adjusted data, in December 2019. Turnover drop was recorded in export – of 6% (of which in non-euro area – of 12.9%, but in euro area – increase of 4.1%), while in domestic market turnover increased by 1.5%.
Compared to November 2019, manufacturing turnover fell by 1.9% in December 2019. Turnover on the domestic market decreased by 0.1% and in export – by 2.9% (of which, in non-euro area – by 5.8%, but in euro area – increased by 0.4%). (BNN/Business World Magazine)