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Wednesday 22.05.2019 | Name days: Emīlija
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Industrial production output in Latvia up 0.4%

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUCompared to June 2017,  industrial production output increased by 0.4 % in June 2018. Production output rise was recorded in manufacturing (of 2.1 %) and mining and quarrying (16.1 %), while as the amount of electricity produced declined industrial production output in electricity and gas supply fell by 8.9 %.

Compared to the June of the previous year, the largest increase in manufacturing was recorded in high and medium-high technologies sectors: manufacture of motor vehicles, trailers and semi-trailers (of 35.4 %), manufacture of electrical equipment (28 %), manufacture of computer, electronic and optical products (13.8 %), and manufacture of chemicals and chemical products (13.1 %). Upturn still was observed in the sector having the largest share in industrial production – manufacture of wood and of products of wood and cork, except furniture (of 8.6 %), according to data from the Central Statistical Bureau of Latvia.

Decline, in turn, was registered in manufacture of food products and manufacture of fabricated metal products, except machinery and equipment – of 6.3 % and 1.9 %, respectively. Reduction was observed also in repair and installation of machinery and equipment (of 15.1 %), manufacture of paper and paper products (10.3 %), and manufacture of textiles (8.4 %).

Compared to May 2018, in June 2018 industrial production output rose by 0.6 % (according to seasonally adjusted data at constant prices), of which in mining and quarrying by 2.7 %, in electricity and gas supply by 3.2 %, while industrial output in manufacturing did not change.

Compared to June 2017, manufacturing turnover has increased by 8.1 % in June 2018. Turnover on the domestic market went up by 8.3 % and in export by 7.9 % (of which by 7.5 % in euro area and by 8.2 % in non-euro area).

Compared to May 2018, manufacturing turnover has dropped by 0.8 % in June 2018. Turnover on the domestic market has declined by 2.6 % while in export it rose by 0.2 % (decrease in euro area of 4.8 % and increase of 2.2 % in non-euro area).

 


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