In July, industrial production expanded 5.3% over the same month last year, which was a notch below the 5.4% increase recorded in June. The reading mainly reflected a slowdown in manufacturing production. In contrast, mining and quarrying improved notably over the previous month. A month-on-month comparison confirms the slowdown suggested by the annual data, as industrial production expanded a seasonally adjusted 0.2% in July, which was below the 1.0% increase recorded in June. Moreover, as a result of the deceleration, the trend continues to point downwards, with annual average growth in industrial production falling from 6.8% in June to 6.6% in July.
Industrial output growth decelerates for a second straight month
September 3, 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.