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Industrial production output up 5.4% in Latvia in October

Compared to October 2016, industrial production output increased by 5.4 % in October 2017. Production output rise was recorded in manufacturing (of 5.9 %), mining and quarrying (10.7 %) and electricity and gas supply (3 %).

Compared to the corresponding month of the previous year, output increase was recorded in manufacture of motor vehicles, trailers and semi-trailers (of 42.7 %), manufacture of chemicals and chemical products (25.4 %), and manufacture of electrical equipment (17 %). Output increase was observed also in the manufacturing sectors having the largest share in the industrial production: manufacture of wood and of products of wood and cork (of 1.3 %), manufacture of food products (2.1 %), and manufacture of fabricated metal products, except machinery and equipment (16.1 %), according to data from the Central Statistical Bureau of Latvia.
 

Compared to September 2017, industrial production output fell by 2 % in October 2017, of which by 1.7 % in mining and quarrying, by 21.1 % in electricity and gas supply, while in manufacturing there was an increase of 0.2 %.
 

Compared to October 2016, manufacturing turnover increased by 9.3 % in October 2017.Turnover on the domestic market grew by 6.5 % and in export by 12.4 % (of which by 22.6 % in euro area and by 5 % in non-euro area).
 

Compared to September 2017, manufacturing turnover rose by 1.1 % (according to seasonally adjusted data) in October 2017. Turnover on the domestic market grew by 0.9 % and in export by 1.4 % (of which by 1.5 % in euro area and by 1 % in non-euro area).

BNN

05-12-2017
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