In April, industrial production increased 13.7% over the same month last year, accelerating from a revised 10.0% expansion registered in March (previously reported: +9.6% year-on-year), which marked the fastest expansion since December 2010. The monthly improvement was primarily driven by faster growth in manufacturing, which accounts for the bulk of industrial output, and soared 17.1% annually. In addition, electricity and gas supply maintained the pace observed in March (+8.8 yoy), while mining and quarrying contracted, albeit at a slower pace. A month-on-month comparison confirms the faster expansion suggested by the annual figures, as industrial production grew 3.42% in seasonally adjusted terms, improving from a 1.69% expansion observed in March. The trend continues to point a strong recovery in the industrial sector, with annual average growth in industrial production rising from 14.9% in March to 15.3% in April.
Industrial production accelerates in April
June 3, 2011
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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.