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Tuesday 21.11.2017 | Name days: Andis, Zeltīte
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Industrial production volume in Latvia up 2.7%

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUCompared to March 2015, industrial production output grew by 2.7% in March 2016. Of this volume, 3.7% growth was noted in manufacturing, 0.1% in electricity and gas supply. In mining and quarrying, on the other hand, there was a decrease of 4.9%.

The most notable manufacturing increase was recorded in manufacture of other non-metallic mineral products – of 27.8 %, in manufacture of chemicals and chemical products – of 18 %, and in manufacture of wood and of products of wood – of 10.7 %, according to date from the Central Statistical Bureau of Latvia.

Compared to February 2016, in March 2016 industrial production output increased by 4.3 %, of which in manufacturing by 2.3 %, in electricity and gas supply – by 6.5 %, whereas in mining and quarrying there was a reduction of 5.7 %.

Compared to the corresponding quarter of the previous year, in Q1 2016 industrial production output grew by 3.7 %. Of which in manufacturing there was a rise of 2 % and in electricity and gas supply – of 11.6 %, whereas in mining and quarrying there was a drop of 0.9 %.

Compared to Q4 2015, industrial production output increased by 1.8 % in Q1 2016. Of which in manufacturing there was a growth of 1.2 %, and in mining and quarrying – of 3.9 %, while electricity and gas supply witnessed a drop of 4.5 %.

Compared to 2015 March, manufacturing turnover declined by 0.5 % (according to calendar adjusted data at constant prices). Turnover in domestic market decreased by 0.2 % and in export – by 0.7 % (of which in euro area – by 0.9 %, and in non-euro area – by 0.8 %).

Compared to February, manufacturing turnover fell by 1.6 % (according to seasonally adjusted data). Turnover decline in domestic market accounted for 0.3 % and in export – for 3.1 % (of which 1.3 % in euro area and 1.7 % in non-euro area).

Compared to Q1 2015, manufacturing turnover grew by 1.2 % in Q1 2016.

Compared to Q4 2015, manufacturing turnover increased by 1.6 % in Q1 2016.

Ref: 102.109.109.7852


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