Latvia Industry April 2017


Latvia: Industrial output growth dips in April

June 6, 2017

Industrial production increased 9.6% in April from the same month last year. The reading comes in below March’s revised 9.9% rise (previously reported: +10.0% year-on-year).

April’s expansion was broad-based as all three main components of the index made gains overall. Mining and quarrying recorded the biggest increase, growing by 20.7%. This was followed closely by electricity and gas supply, which rose 18.8%. Meanwhile, growth in the manufacturing sector was more modest at 6.2%.

In seasonally-adjusted terms, industrial production swung from a revised 0.9% expansion (previously reported: +1.0% month-on-month) in March to a 0.3% contraction in April.

Analysts surveyed by FocusEconomics expect industrial production to expand 5.7% in 2017, which is up 1.1 percentage points from last month’s projection. For 2018, the panel expects growth in industrial output to expand 4.3%.

Author:, Economist

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Latvia Industry April 2017 0

Note: Year-on-year changes and annual average growth of industrial production index in %.
Source: Central Statistical Bureau of Latvia and FocusEconomics calculations.

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