In October, industrial production expanded 5.1% over the same month last year, which was well below the 9.6% increase tallied in September. The reading represented the slowest pace since February of 2010 and reflected weaker growth in manufacturing and in electricity and gas supply. A month-on-month comparison points to an even sharper deterioration that the slowdown suggested by the annual figures, as industrial output fell a seasonally adjusted 0.9% over the previous month, which contrasted the 1.1% increase tallied in September. Industrial production growth reached its peak in June and the downward trend has now continued for the fourth consecutive month, with annual average growth falling from 12.1% in September to 10.6% in October, which suggests that industrial output is losing steam.
Industrial production growth weakens to 20-month low
December 5, 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.