In January, industrial production soared 8.2% over the same month last year, which marked a notable acceleration compared to the 3.2% increase observed in December. The January result was primarily the result of a strong expansion in manufacturing as well as healthy growth in mining and quarrying. Only electricity and gas supply recorded a loss in January. A month-on-month comparison confirms the strong expansion suggested by the annual figures as industrial production increased a seasonally adjusted 1.9% in January, which contrasted the 2.4% drop recorded in December. As a result of the January print, the trend resumed its upward trajectory, with annual average growth in industrial output edging up from 9.0% in December to 9.1% in January, suggesting that industrial production is gaining traction.
Industrial production accelerates in January
March 5, 2012
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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.