Industrial production output in Latvia up 9.6% in April

Compared to April 2016, industrial production output increased by 9.6 % in April 2017. Industrial production output in manufacturing grew by 6.2 %, in mining and quarrying by 20.7 %, and in electricity and gas supply by 18.8 %.

Increase in manufacturing was significantly affected by the rise in manufacture of electrical equipment (of 31.9 %), manufacture of computer, electronic and optical products(of 29.2 %), and in manufacture of beverages (of 25.4 %). Growth was observed also in two out of three sectors having the largest share in the industrial production – manufacture of food products and manufacture of fabricated metal products, except machinery and equipment (of 6.6 % and 2.3 %, respectively). In manufacture of wood and of products of wood and cork, in its turn, there was a drop of 1.4 %, according to date from the Central Statistical Bureau of Latvia.

Compared to the corresponding period of the previous year, industrial production output decline was recorded in repair and installation of machinery and equipment (of 3.3 %), manufacture of machinery and equipment (1.9 %) and manufacture of motor vehicles, trailers and semi-trailers (1.4 %).

Compared to March 2017, industrial production output decreased by 0.3 % in April 2017, of which by 0.9 % in manufacturing, whereas in electricity and gas supply and in mining and quarrying there was a growth of 0.4 % and 8.4 %, respectively.

Compared to April 2016, manufacturing turnover increased by 6.2 % in April 2017.The turnover on the domestic market grew by 4.4 % and in export by 8.2 %.

Compared to March 2017, in April 2017 manufacturing turnover fell by 1.9 %. The turnover in export declined by 4.7 %, it grew by 0.8 % on the domestic market.

BNN 

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