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Wednesday 18.07.2018 | Name days: Rozālija, Roze
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Latvia’s industrial production volume down 1.6%

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUCompared to February industrial production volume in March 2014 (according to seasonally adjusted data at constant prices) rose by 0.2%; the increase was mainly due to the growth in manufacturing of 2.5%.

A drop, in turn, was observed in mining and quarrying – of 2.3%, and in electricity and gas supply – of 4.8%, according to latest data of the Central Statistical Bureau of Latvia.

Compared to March 2013, industrial production in March this year (according to calendar adjusted data at constant prices) dropped by 1.6% due to decrease in prices of electricity and gas supply – of 19.2%. Increase, in turn, was observed in manufacturing – of 3.9% and in mining and quarrying – of 15.4%.

The most notable growth was recorded in manufacture of computer, electronic and optical products – of 83.2%, in manufacture of chemicals and chemical products – of 43.2%, and in manufacture of machinery and equipment – of 20.5%. A significant production volume growth was also recorded in the manufacturing sectors having the largest share in industrial production: manufacture of wood and cork articles (of 10.2%), and in manufacture of food products (of 4.5%).

As compared to Q4 2013, industrial production output in Q1 2014 decreased by 3.4%, according to seasonally adjusted data at constant prices. Of which in manufacturing – by 5.6%, and in electricity and gas supply – by 3.4%, whereas in mining and quarrying there was an increase of 0.8%.

Compared to corresponding quarter of the previous year, in Q1 2014 industrial production output dropped by 2.8%, and according to calendar adjusted data at constant prices. In electricity and gas supply there was a drop of 11.9%, while a growth in manufacturing of 0.3% and in mining and quarrying – of 8.4%.

Ref: 102.109.109.9393


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  1. mike walsh says:

    Meanwhile a Baltic government minister comforts us with the lie that their sanctions against Russia will have only a limited effect. The EU sure has a death wish, which may well be a positive.

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