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Friday 24.03.2017 | Name days: Kazimirs, Izidors
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Industrial production volume down 1.6% in Latvia

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUCompared to May, industrial production volume had decreased by 1.6% in June 2015. Of that volume, there was a reduction of 2.2% in manufacturing, an increase of 0.7% in mining and quarrying, and a rise of 2.3% in electricity and gas supply, according to information from the Central Statistical Bureau of Latvia.

Compared to June 2014, industrial production volume, according to calendar adjusted data at constant prices, grew by 4.2% in June 2015: by 15.6% in mining and quarrying, by 4.4% in manufacturing. Electricity and gas supply witnessed a decrease of 0.3%.

Compared to Q1 2015, industrial production output had increased by 4.2% in Q2 2015, according to seasonally adjusted data at constant prices. Of this volume, there was a 2.6% in manufacturing, in mining and quarrying – 2.5%, and in electricity and gas supply – 9.9%.

Compared to corresponding quarter of the previous year, in Q2 2015 industrial production output grew by 5.7%, according to calendar adjusted data at constant prices. Of which in manufacturing – by 6.2%, in mining and quarrying – by 12% and in electricity and gas supply – by 2%.

As compared to the corresponding period of the previous year, industrial production output in the first half of 2015 increased by 3.7%. Of which in manufacturing – by 5.3% and mining and quarrying – by 11.3%, but in electricity and gas supply there was a reduction of 4.3%. In the six months of the year the largest increase in manufacturing was in metalworking sector. Growth was also recorded in manufacture of computer, electronic and optical products – of 57.4%, in manufacture of furniture – of 14% and in manufacture of wood and of products of wood – of 6.6%. In turn production drop was observed in manufacture of wearing apparel – of 17.6%, in manufacture of textiles – of 15.1%, in manufacture of other non-metallic mineral products – of 8.1%, and in manufacture of food products – of 6%.

Ref: 103.109.109.7344


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