Manufacturing turnover up 16.8% in 2011



In 2011, manufacturing turnover at current prices, according to calendar adjusted data, increased 16.8 percent from 2010, of which in export - 20.4 percent, whereas on the domestic market - 13.3 percent, according to data from the Central Statistical Bureau.

Significant growth was recorded in manufacture of motor vehicles, trailers and semi-trailers – 54.4 percent (a 53.3 percent increase on domestic market, 54.5 percent in export), machinery and equipment - 52.5 percent (50.7 percent on domestic market and 53.4 percent in export), and electrical equipment – 40.7 percent (26.7 percent on domestic market and 48.8 percent in export).

Compared to the the third quarter of 2011, manufacturing turnover in the fourth quarter of 2011 increased 1.5 percent, according to seasonally adjusted data, of which in export – 1.2 percent, whilst on the domestic market - decreased 3.6 percent.

Compared to the corresponding quarter of 2010, manufacturing turnover in the fourth quarter of 2011 rose 12.4 percent, according to calendar adjusted data, of which on the domestic market – 7.8 percent and in export – 17.6 percent.

In comparison with November 2011, manufacturing turnover in December 2011 decreased 4.8 percent, according to seasonally adjusted data, of which on the domestic market – 5.7 percent and in export – 3.9 percent.

Compared to December 2010, manufacturing turnover in December 2011 increased 9.3 percent, according to calendar adjusted data, of which on the domestic market – 8.2 percent and in export – 10.5 percent.

RIGA, Feb 9 (NOZARE.LV).
Photo: Stock.XCHNG

February 9, 2012

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