In October industrial production output reduced by 2.0 %04.12.2024

Central Statistical Bureau calendar adjusted data at constant prices show that, compared to October 2023, in October 2024 industrial production output¹ reduced by 2.0 %. Output in manufacturing went down by 1.2 % and in electricity and gas supply by 19.0 %. However, output in mining and quarrying went up by 29.4 %.

Reduced industrial production output was registered in manufacture of motor vehicles, trailers and semi-trailers (25.0 %), manufacture of machinery and equipment (16.1 %), manufacture of computer, electronic and optical products (12.3 %), manufacture of electrical equipment (12.1 %), and manufacture of beverages (7.4 %). Reduced output was also registered in two out of three sectors having the largest share in manufacturing - manufacture of food products and manufacture of fabricated metal products, except machinery and equipment (1.9 % and 0.9 %, respectively).

Increased output was registered in repair and installation of machinery and equipment (51.4 %), manufacture of wearing apparel (22.2 %), manufacture of furniture (13.9 %), printing and reproduction of recorded media (12.6 %), manufacture of other non-metallic mineral products (7.3 %), and manufacture of chemicals and chemical products (6.4 %). Increased output was also registered in one of the three sectors having the largest share in manufacturing - manufacture of wood and of products of wood and cork, except furniture (0.8 %).

Compared to September 2024, in October 2024 industrial production output reduced by 0.2 % (seasonally adjusted data at constant prices). Output in manufacturing went down by 0.1 % and in electricity and gas supply by 1.2 %. However, output in mining and quarrying went up by 3.2 %.

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 October 2023, in October 2024 manufacturing turnover reduced by 0.4 % (calendar adjusted data at current prices). Turnover on domestic market went up by 1.1 % while on non-domestic market down by 1.2 % (of which rise of 1.5 % in euro area and drop of 3.5 % in non-euro area).

Compared to September 2024, in October 2024 manufacturing turnover increased by 1.6 % (seasonally adjusted data). Turnover on domestic market went down by 1.5 % and on non-domestic market up by 3.3 % (of which drop of 4.0 % in euro area and rise of 10.3 % 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 the industrial output that also includes unfinished goods and goods in stock, turnover only includes the goods sold and industrial services provided.

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More information on data:
Līga Daniela Robate
Industrial and Construction Statistics Section
E-mail: [email protected]
Phone: +371 67366950

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