Industrial output in Latvia up on year, down on month

Data compiled by the Central Statistical Bureau (CSB) and released May 7 show that, compared to March 2017, in March 2018 industrial production output increased by 0.6 % (according to calendar adjusted data at constant prices). 

Production output in manufacturing went up by 1.5 %, while in mining and quarrying as well as in electricity and gas supply it fell by 5.9 % and 2.1 %, respectively.

Compared to the corresponding month of the previous year, the largest growth in manufacturing was recorded in medium-high technologies manufacturing sectors: manufacture of machinery and equipment (of 31.8 %), manufacture of motor vehicles, trailers and semi-trailers (21.2 %), and manufacture of electrical equipment (20.3 %). 

Compared to February 2018, in March 2018 industrial production output fell by 3.6 %.

Manufacturing fared comparatively better. Compared to March 2017, in March 2018 manufacturing turnover increased by 8.1 % (according to calendar adjusted data at current prices). Turnover on the domestic market went up by 12.9 % and in export by 5.8 % (rise of 11.8 % in euro area and of 1.3 %in non-euro area).

Compared to February 2018, in March 2018 manufacturing turnover grew by 1.1 %.

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