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Sunday 24.06.2018 | Name days: Jānis
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Industrial production output in Latvia up 3.6% in November

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUCompared to November 2016, industrial production output1 increased by 3.6 % in November 2017.

Production output rise was recorded in manufacturing (of 9.1 %), mining and quarrying (24.3 %), but drop was recorded in electricity and gas supply (11.8 %) as production of electricity in CHP plants and gas supply to consumers reduced, according to data from the Central Statistical Bureau of Latvia.

Compared to November 2016, output increase was recorded in all major manufacturing sectors: manufacture of wood and of products of wood (of 2.2 %), manufacture of food products (6.8 %), manufacture of fabricated metal products (26.8 %). The largest output increase was observed in medium-high technologies manufacturing sectors: manufacture of motor vehicles, trailers and semi-trailers (of 39 %), manufacture of machinery and equipment (30.2 %), manufacture of chemicals and chemical products (19.6 %), and manufacture of electrical equipment (18.8 %).

Compared to October 2017, industrial production output grew by 0.6 % (according to seasonally adjusted data at constant prices), of which by 2.7 % in manufacturing and by 4.4 % in mining and quarrying, while in electricity and gas supply there was a drop of 5.7% in November 2017.

Compared to November 2016, manufacturing turnover increased by 13.8 % in November 2017. Turnover on the domestic market grew by 10 % and in export by 17.8 % (of which by 28 % in euro area and by 10.2 % in non-euro area).

Compared to October 2017, manufacturing turnover rose by 4.7 % in November 2017.  Turnover on the domestic market grew by 3.1 % and in export by 6.5 % (of which by 7.4 % in euro area and by 5.7 % in non-euro area).

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