In August, industrial production expanded 6.4% over the same month last year, which was below the 9.2% increase observed in July. The print marked the slowest pace since February 2010 and fell short of market expectations of a 7.5% rise. The slowdown reflected weaker growth in manufacturing as well as in electricity and gas supply. In contrast, mining and quarrying rebounded compared to the previous month. A month-on-month comparison confirms the weak expansion suggested by the annual figures, as industrial output fell a seasonally adjusted 0.40% in August, which contrasted a 0.50% increase in July. Industrial production growth reached its peak in June and the downward trend continued for a second consecutive month, with annual average growth dropping from 14.4% in July to 13.1% in August, which suggests that industrial output is losing momentum.
Industrial production weakens in August
October 4, 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.