Industrial production grows 3.4% in 2015

In comparison to 2014, last year the volume of industrial production went up by 3.4%, according to data published Wednesday by the Central Statistics Bureau of Latvia.

The rise was due to the volume growth in manufacturing (4.1 %), as well as mining and quarrying (6.4 %). Electricity and gas supply saw a drop of 0.1 %.

The greatest increase was recorded in manufacture of computer, electronic and optical products (39.3%), manufacture of furniture (13.9%), wood processing (6.9%) and manufacture of basic metals.

The most notable production drop was in manufacture of wearing apparel – 15.6%; in manufacture of other non-metallic mineral products – 10%; and in manufacture of food products – 5%.

(Volume index of manufacturing, 2010=100. Image source: Central Statistics Bureau of Latvia.)

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Economy
Economy