Industrial production up nearly 9% in July

Data compiled by the Central Statistical Bureau (CSB) and released September 4 show that, compared to July 2016, in July 2017 industrial production output increased by 8.8 % (according to calendar adjusted data at constant prices). 

 The rise recorded in manufacturing constituted 8.2 %, in mining and quarrying – 28.6 % and in electricity and gas supply – 7.7 %.

Compared to the corresponding month of the previous year, industrial production output increase was observed in all manufacturing sectors having the largest share in the industrial production: manufacture of wood and of products of wood and cork (of 2.6 %), manufacture of food products (7.1 %), manufacture of fabricated metal products, except machinery and equipment (18 %), manufacture of non-metallic mineral products (14.1 %), and manufacture of computer, electronic and optical products (11.3 %). Stable increase still was recorded in manufacture of electrical equipment (of 18.3 %), in which output growth was observed already since the beginning of the year, and in manufacture of machinery and equipment (of 18.2 %).

Latvia industrial production July 2017

Compared to June 2017, in July 2017 industrial production output went up by 0.1 % (according to seasonally adjusted data at constant prices).

As regards manufacturing, compared to July 2016, in July 2017 manufacturing turnover increased by 4.2 % (according to calendar adjusted data at current prices). Turnover on the domestic market grew by 10 %, while in export there was a decline of 1.9 % which was influenced by 15.7 % drop in non-euro area (rise in euro area constituted 19.1 %).

Compared to June 2017, in July 2017 manufacturing turnover decreased by 2.2 % (according to seasonally adjusted data). Turnover reduction recorded in export constituted 4.7 % (drop of 10.9 % in non-euro area and rise of 1.1 % in euro area), whereas turnover on the domestic market went up by 0.3 %.

Related articles
0 comments
Comment
Comment using your social media profile
Economy
Economy