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Ceturtdiena 05.12.2019 | Name days: Sabīne, Sarma, Klaudijs

October’s industrial production output in Latvia increases 3%

Compared to October 2018, industrial production output increased by 3 % in October 2019, according to calendar adjusted data at constant prices.

Latvia’s gross domestic products increases 2.9% in October

Compared to Q3 2018, the gross domestic product, based on seasonally and calendar non-adjusted data, increased by 2.9 % in Q3 2019. In Q3 GDP at current prices was EUR 8.1 billion.

Producer prices in Latvia’s industry down 0.2% in October

In October 2019 the level of producer prices in Latvian industry dropped by 0.6 %. The level of prices of products sold on the domestic market dropped by 0.6 %, and prices of exported products – by 0.5 %.

Unemployment in Latvia drops to 6%

Latvia's unemployment rate constituted 6.0 % in Q3 2019. Compared to the previous quarter, unemployment rate fell by 0.4 percentage points, while over the year it reduced by 1.0 percentage points.

Employment rate in Latvia reaches 65.6% of the population

917.8 thousand people or 65.6 % of the population of Latvia aged 15–74 were employed in Q3 2019. Over the year, employment rate grew by 0.3 percentage points, and number of employed persons fell by 2.3 thousand. During the period, population declined faster than the number of employed persons.

Tourist upturn in Latvian accommodations reaches 2.27 million in 2019

1.03 million foreign and Latvian visitors stayed at Latvian tourist accommodation establishments Q3 2019, which is 0.5 % more than Q3 2018. Compared to corresponding period of the previous year, the number of nights spent by visitors increased by 1.5 %.

Value of September’s exported goods in Latvia up 2.5% when compared to 2018

In September 2019 the foreign trade turnover of Latvia amounted to EUR 2.44 billion, which at current prices was 1.6 % less than a year ago, of which the exports value of goods was 2.5 % higher, but imports value of goods was 4.6 % lower.

Construction output in Latvia increases 5.9%

Compared to Q3 2018, construction output had increased by 5.9 % in Q3 2019. Construction output rise was observed in construction of buildings as 11.7 %, civil engineering as 2.1 % and specialised construction activities as 2.4 %.

Inflation in Latvia estimated at 2.3% in October

Compared to October 2018, the average level of consumer prices rose by 2.3 % in October 2019. Prices of goods had increased by 1.9 % and prices of services by 3.0 %.


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