Latvia: Industrial output moderates in January
March 6, 2017
Industrial production in Latvia was 4.7% higher in January than in January 2016, which followed December’s multi-year high of 11.5%. January’s expansion was the result of strong gains in manufacturing output and mining activity. Meanwhile, growth in electricity and gas supply declined compared to December.
In seasonally-adjusted terms, industrial production fell 2.8% from the previous month in January, which contrasted the 0.1% expansion recorded in December.
Author: Luis Lopez Vivas, Economist