CSB - Central Statistical Bureau

04/03/2024 | Press release | Distributed by Public on 04/03/2024 04:02

In February industrial production output reduced by 0.3 %03.04.2024

Central Statistical Bureau calendar adjusted data at constant prices show that, compared to February 2023, in February 2024 industrial production output1 fell by 0.3 %. Output in manufacturing reduced by 5.0 % while in electricity and gas supply rose by 12.7 % and in mining and quarrying by 29.4 %.

The most reduced industrial production output was registered in manufacture of furniture (16.6 %), manufacture of machinery and equipment (14.0 %), manufacture of computer, electronic and optical products (13.8 %), manufacture of beverages (13.4 %), and manufacture of wearing apparel (8.4 %). Lower output was also recorded in two out of three sectors having the largest share in manufacturing: manufacture of fabricated metal products, except machinery and equipment, and manufacture of food products (10.3 % and 2.0 %, respectively).

Increased output was registered in manufacture of chemicals and chemical products (20.0 %), printing and reproduction of recorded media (18.4 %), manufacture of motor vehicles, trailers and semi-trailers (12.6 %), as well as repair and installation of machinery and equipment (12.2 %). Rise was also recorded in the manufacturing sector having the largest share in manufacturing - manufacture of wood and of products of wood and cork, except furniture (0.2 %).

Compared to January 2024, in February 2024 industrial production output went up by 2.8 % (seasonally adjusted data at constant prices). In manufacturing it rose by 1.2 %, in electricity and gas supply by 11.1 %, and in mining and quarrying by 9.9 %.

Change in industrial production output

(per cent, at constant prices)

* Repair and maintenance of ships and boats, repair of fabricated metal products, machinery and equipment, installation of industrial machinery and equipment.

** Excluding steam and air conditioning supply.

Manufacturing turnover2

Compared to February 2023, in February 2024 manufacturing turnover reduced by 6.0 % (calendar adjusted data at current prices). Turnover on domestic market fell by 7.4 % and on non-domestic market by 5.3 % (of which by 1.1 % in euro area and by 8.7 % in non-euro area).

Compared to January 2024, in February 2024 manufacturing turnover fell by 1.8 % (seasonally adjusted data). Turnover on domestic market went down by 1.2 % and on non-domestic market by 2.2 % (of which by 3.3 % in euro area and by 1.2 % in non-euro area).

The data published may be specified during the upcoming months if additional information is received.

Methodological information

1 Industrial production output is calculated by summing the self-produced products sold and industrial services provided during the respective month with the change in stocks of finished products and work in progress. The volume index of industrial production describes changes in the volume of industrial production during the reference period in comparison to the base period. The index is estimated by recalculating the production output indicator at constant prices with the help of producer price indices.

2 Industrial turnover covers the self-produced products sold and industrial services provided during the respective month. Industrial turnover index characterises monthly changes in demand for industrial goods and services on the market. It is calculated at current prices without excluding price influence. Unlike industrial goods that also include unfinished goods and goods in stock, turnover only includes the goods sold and industrial services provided.

Media requests:
Communication Section
E-mail: [email protected]
Phone: +371 27880666

More information on data:
Uga Puikevics
Industrial and Construction Statistics Section
E-mail: [email protected]
Phone: +371 67366954