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Latvia’s industrial production output grew 8.8% in July

Compared to July 2016, industrial production output increased by 8.8 % in July 2017. The rise recorded in manufacturing constituted 8.2 %, in mining and quarrying – 28.6 % and in electricity and gas supply – 7.7 %.

Compared to the corresponding month of the previous year, industrial production output increase was observed in all manufacturing sectors having the largest share in the industrial production: manufacture of wood and of products of wood and cork (of 2.6 %), manufacture of food products (7.1 %), manufacture of fabricated metal products, except machinery and equipment (18 %), manufacture of non-metallic mineral products (14.1 %), and manufacture of computer, electronic and optical products (11.3 %). Stable increase still was recorded in manufacture of electrical equipment (of 18.3 %), in which output growth was observed already since the beginning of the year, and in manufacture of machinery and equipment (of 18.2 %), according to data from the Central Statistical Bureau of Latvia.

Compared to June 2017, industrial production output went up by 0.1 %, of which by 4 % in electricity and gas supply and by 4.3 % in mining and quarrying, whereas in manufacturing there was a decline of 1 % in July 2017.

Compared to July 2016, manufacturing turnover increased by 4.2 % in July 2017.

Turnover on the domestic market grew by 10 %, while in export there was a decline of 1.9 % which was influenced by 15.7 % drop in non-euro area (rise in euro area constituted 19.1 %).

Compared to June 2017, manufacturing turnover decreased by 2.2% in July 2017. Turnover reduction recorded in export constituted 4.7 % (drop of 10.9 % in non-euro area and rise of 1.1 % in euro area), whereas turnover on the domestic market went up by 0.3 %.


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