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Latvia

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Production in industry (sts_ind_prod)

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National Reference Metadata in Euro SDMX Metadata Structure (ESMS)

Compiling agency: Central Statistical Bureau of Latvia (CSB).

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Industrial production output (110).
The purpose of the survey is to provide data for the calculation of Short-Term Statistics (STS) indicators and for the National Accounts to estimate GDP. Industrial production output is published as an index. The index data are presented in the following forms:

  • Unadjusted;
  • Calendar adjusted;
  • Seasonally adjusted.

10 June 2025

Volume indices of industrial production measure changes in the volume of industrial output during the reference period compared to the base period. The data refer to production within the calendar month. Industrial production output includes the value of shipments, receipts from industrial work performed, changes in stocks of finished products and work in progress during the reference month, as well as the value of fixed assets produced on own account.
The production index is based on the deflated production value.

Observation unit - Kind of activity unit (KAU).

Reporting unit - Enterprise.

In 2024, the number of enterprises surveyed monthly was 1550, with these enterprises accounting for over 80% of the volume of industrial production.

Data are collected from economically active enterprises whose main or secondary activity, according to the Statistical Classification of Economic Activities (NACE Rev. 2), falls under Mining and Quarrying (Section B), Manufacturing (Section C), and Electricity, Gas, Steam, and Air Conditioning Supply (Section D), excluding Group 35.3 – "Steam and Air Conditioning Supply", and have employed 20 or more people in industrial production. The sample additionally includes enterprises employing fewer than 20 people, to ensure that the data compiled on Divisions of NACE Rev. 2 (data at 2-digit level) cover at least 80% of business structural statistics turnover in 2022. The population of surveyed enterprises may be revised during the reference year by adding new economically active enterprises (in line with the mentioned criteria), updating economic activity classifications based on revised respondent information, or incorporating the latest data from administrative sources.

Latvia.

Month.

Data are collected from economically active enterprises if their main or secondary activity in compliance with Statistical Classification of Economic Activities (NACE Rev.2) is Mining and quarrying (Section B), Manufacturing (Section C), Electricity, gas, steam and air conditioning (Section D) excluding group 35.3 - "Steam and air conditioning supply" and whose number of employees is 20 or more. The sample additionally includes enterprises employing fewer than 20 people, to ensure that the data compiled on Divisions of NACE Rev. 2 (data at 2-digit level) cover at least 80% of business structural statistics turnover in 2022.

The response rate is 95%. Accuracy of the first estimates is assessed by mean revision, which is 0.09 for all industry (sections B,C,D). Revisions of first estimates are made due to new responses, as with the last month of every quarter, data also from the previous two months are revised. Number of respondents surveyed by questionnaire is 1550. Population part that is cut off does not exceed 20% in the share of total industrial turnover.

The accuracy is tackled at national level, by eliminating inconsistencies and errors.

Index.

The Industrial Production Index (IPI) is calculated using a chain-linked method with the annual overlap technique. This calculation is based on the average monthly volume of products manufactured in the previous year (at constant prices). Weights are derived from the value added by enterprises two years prior, broken down by NACE sections, divisions, groups, and classes. The IPI is computed by adjusting production output indicators at constant prices using producer price indices. Weights are updated annually to reflect changes in the industrial structure. The average output volume from 2021 is used as the base for comparison.

Data on the volume indices of industrial production are obtained with the help of enterprise survey, building a threshold sample. Data are collected from the CSB monthly survey "1-r "Survey of industrial activity"".

Data are collected from economically active enterprises if their main or secondary activity in compliance with the Statistical Classification of Economic Activities (NACE Rev.2) is Mining and quarrying (Section B), Manufacturing (Section C), Electricity, gas, steam and air conditioning (Section D) excluding group 35.3 - "Steam and air conditioning supply" and if 20 and more persons are employed in industrial production. 

The sample additionally includes enterprises employing fewer than 20 people, to ensure that the data compiled on Divisions of NACE Rev. 2 (data at 2-digit level) cover at least 80% of business structural statistics turnover in 2022.

Product coverage: all production of the reporting unit is included in the index.

Classification: NACE Rev. 2 is used to classify enterprises by their economic activity. Reported production data are grouped into more than 160 classes based on the NACE Rev. 2 classification corresponding to each enterprise.

Monthly, quarterly and yearly.

Production index is published at 13:00 local time on the 34th day after the end of the reference month; if the 34th day is weekend or holiday, it is published on the next working day. Questionnaires are sent to the reporting unit at the end of the year for all months of the coming year, asking to give information on each reference month untll the 15th date of the following month. Data collection normally is closed 5 days before the publication.

Methods and definitions are comparable with the European ones and cover all national territory.

The Industrial Production Index, published on the Official Statistics Portal database, is available free of charge. The information includes monthly, quarterly, and annual data starting from the year 2000, in accordance with NACE Rev. 2 (down to the two-digit level). The data are comparable over time.