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Industrial production output in Latvia grew 12.9% in September

Compared to September 2016, industrial production output increased by 12.9 % in September 2017. Rise was recorded in manufacturing (of 7.1 %), mining and quarrying (22.8 %) and electricity and gas supply (38.2 %).

Increase in energy sector was influenced by the growth in the volume of electricity produced in hydro-power plants, according to data from the Central Statistical Bureau of Latvia.
 

Compared to September of the previous year, increase in manufacturing output was caused by the output rise in medium high technologies industries: manufacture of motor vehicles, trailers and semi-trailers (of 50.9 %), manufacture of machinery and equipment (27.1 %), manufacture of chemicals and chemical products (24.5 %), and manufacture of electrical equipment (19 %). Growth was also observed in manufacture of food products (of 1.6 %) and manufacture of fabricated metal products, except machinery and equipment (19.3 %).  In manufacture of wood and wood articles – the sector having the largest share in industrial production – there was a drop of 0.3 %.


Compared to August 2017, industrial production output went up by 1.4 % in September 2017, of which by 1.7 % in mining and quarrying, by 25.8 % in electricity and gas supply, whereas in manufacturing there was a decline of 1.3 %.


Compared to September 2016, manufacturing turnover increased by 8.6 % in September 2017.Turnover on the domestic market grew by 7 % and in export by 10.3 % (of which by 12.8 % in euro area and by 8.4 % in non-euro area).


Compared to August 2017, manufacturing turnover fell by 1.4 % in September 2017. Turnover on the domestic market dropped by 1.5 % and in export by 1.3 % (of which by 3.7 % in euro area, while in non-euro area there was a rise of 2.1 %).

BNN

05-11-2017
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