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Monday 26.06.2017 | Name days: Inguna, Inguns, Ausma, Ausmis
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Industrial production output up 10.6% in Latvia

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUCompared to February 2016, industrial production output increased by 10.6% in February 2017.

Increase was recorded in manufacturing (4.6%), mining and quarrying (11.2%) and electricity and gas supply (28.4%), according to data from the Central Statistical Bureau of Latvia.

Compared to February of the previous year, the most notable industrial production output increase was recorded in sectors manufacturing high- and medium-high-technologies: manufacture of computer, electronic and optical products (34.8%), manufacture of chemicals and chemical products (24.7%), manufacture of motor vehicles, trailers and semi-trailers (17.4%), manufacture of machinery and equipment (15.7%), as well as manufacture of basic pharmaceutical products and pharmaceutical preparations and manufacture of other transport equipment. Significant output growth was observed also in manufacture of wearing apparel and manufacture of beverages – 13.9 % and 10.4 %, respectively.

Notable industrial production output reduction, in its turn, was registered in proportionally largest sectors: manufacture of food products (4.2%) and manufacture of wood and of products of wood (1%). Output decline was registered also in printing and reproduction of recorded media (5.9%) and manufacture of paper and paper products (5.4%).

Compared to January, industrial production output grew by 3.3% (according to seasonally adjusted data at constant prices); of which in manufacturing by 0.4%, in electricity and gas supply by 10.7%, whereas in mining and quarrying there was a decline of 2.2% in February 2017.

Compared to February 2016, industrial production turnover grew by 3.5 % in February 2017. The turnover on the domestic market rose by 1.1 % and in exports by 6 %.

Compared to January 2017, manufacturing turnover increased by 0.5 % in February 2017. The turnover on the domestic market rose by 2.2 %, whereas in exports dropped by 1.3 %.

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