In April, industrial production expanded 3.8% over the same month last year, which was well below the 8.5% increase observed in March and represented the slowest growth rate so far this year. The monthly slowdown reflected slower growth in manufacturing. Meanwhile, production of electricity and gas declined for the second consecutive month. A month-on-month comparison shows a sharper deterioration than the slowdown suggested by the annual figures, as industrial output fell 1.2% over the previous month in seasonally adjusted terms, which contrasted the 2.0% increased tallied in March. As a result of the deceleration, the trend points downwards, with annual average growth in industrial production falling from 8.6% in March to 8.0% in April.
Industrial output decelerates sharply in April
June 4, 2012
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Latvia Industry Chart
Note: Year-on-year changes and annual average variation of industrial production index in %.
Source: Central Statistics Bureau and FocusEconomics calculations.
Latvia Economic News
October 10, 2016
In September, consumer prices increased 0.4% from the previous month, which contrasted August’s 0.6% decrease.
October 4, 2016
Industrial production in Latvia contracted 0.6% year-on-year in August, which contrasted the 2.6% increase in July.
September 8, 2016
In August, consumer prices fell 0.6% over the previous month and came in below July’s 0.3% decrease.
September 5, 2016
Industrial production in Latvia grew 2.7% year-on-year in July, which was down from 7.9% increase in June.
August 31, 2016
In the second quarter, Latvia’s economy increased 2.1% year-on-year, according to a revised set of data released by the Statistical Institute on 31 August.