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Latvia’s industrial output growth was more rapid than average across EU

Photo: pixabay.com.
Compared with the same month of the previous year, industrial output in Latvia had increased 5.5% in December 2017, which is more rapidly than the average growth across the European Union, according to data published by Eurostat.

Among the EU member states for which data is available, the most rapid industrial production output was registered in Romania (+13.5%), Slovenia (+12.2%), Sweden (+8.5%), Czech Republic (+8%), Poland (+7.7%), Lithuania (+7.6%) and Estonia (+7.1%).


Over the course of 2017, industrial production output growth was registered in 20 EU member states for which data is available. Declines were registered in Croatia (-2.5%), Luxembourg (-2.3%), Czech Republic (-2.2%), Slovakia (-1%) and Malta (-0.3%).


Over the course of one month, industrial production output growth was registered in 19 EU member states for which data is available. Six countries had experienced a decline of industrial production output in December. The biggest industrial output increase when compared with December 2016 was registered in Romania (+3.8%), Ireland (+3%), Slovenia (+2.7%) and Estonia (+2.5%). The largest decline was registered in Slovakia (-2.7%), Lithuania (-2.6%) and Czech Republic (-1.5%). In Latvia, industrial production output grew 1.3%.


Compared with the same month of 2016, EU member states had experienced industrial production output increase of 4.8%. Countries in Eurozone had experienced increase of 5.2%. Over the course of the month, industrial production output has declined 0.4% in the EU and 0.5% in Eurozone.


No data is available for Austria, Belgium and Cyprus. Data for Luxembourg contains the country’s own estimates.

BNN/LETA

15-02-2018
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