Industrial production boosted in November

November saw a steep rise in Latvia's industrial production according to figures released January 3.

Compared to November 2015, in November 2016 industrial production output increased by 11 %, according to calendar adjusted data at constant prices.

A production output rise in manufacturing accounted for 9.1 %, in mining and quarrying for 9.8 % and in electricity and gas supply for 18.6 %.

The data were compiled by the Central Statistical Bureau (CSB).

Compared to November of the year before, in November 2016 production increase was influenced by a notable rise in most manufacturing sectors, including manufacturing of high- and medium-high-tech industries, such as manufacture of motor vehicles, trailers and semi-trailers (+46.6 %), manufacture of electrical equipment (+31.3 %), manufacture of computer, electronic and optical products (+14.6 %), manufacture of machinery and equipment  (+12.2 %), as well as manufacture of basic pharmaceutical products and pharmaceutical preparations.

Rise in the demand for products in export markets, especially in the non-euro area, was one of the main factors contributing to the production output increase, the CSB said.

Compared to October, in November industrial production output went up by 2.8 %, according to seasonally adjusted data at constant prices.

Seen a mistake?

Select text and press Ctrl+Enter to send a suggested correction to the editor

Select text and press Report a mistake to send a suggested correction to the editor


Please be aware that the LSM portal uses cookies. By continuing to use this site, you agree that we may store and use cookies on your device. Find out more

Accept and continue