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Latvia’s industrial production rise in November was more rapid than average in EU

Compared to the same month the year before, industrial production output in Latvia had grown by an average of 3.6% in November 2017. This is slightly more rapid than the average level in the European Union, according to data from Eurostat published for 22 member states.

Among EU member states for which data is available, the most rapid industrial output growth was registered in Slovenia (+9.9%), followed by Romania (+9.3%), Czech Republic (+8.5%) and Lithuania (+7.8%). Estonia’s industrial output grew 2.7%.
 

In total, industrial production output growth was registered in 18 EU member states for which data is available. Decline was registered in Ireland (-10.1%), Netherlands (-4.7%), Denmark (-2.7%) and Croatia (-1.6%).
 

Over the course of the month, industrial output was registered in 15 EU member states for which data is available. Industrial output decline was registered in seven countries. The largest industrial output increase were registered in Czech Republic and Germany (+3.6% in both), Luxembourg (+3.4%), and Hungary (-2.1%). Industrial production output in Latvia increased by 0.7% in October. Estonia experienced a 1.5% decline.
 

Compared with the same month of 2016, EU member states experienced industrial production output growth of 3.5% in November 2017. Growth in Eurozone was 3.2%.
 

No data is available for Austria, Belgium, Greece, Italy, Cyprus and Slovakia. Data for Luxembourg consists of estimated provided by the state government.

BNN/LETA

13-01-2018
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