Latvian industrial output up 2% in 2018, turnover up 9%

Data compiled by the Central Statistical Bureau (CSB) and released February 4 show that, compared to 2017, in 2018 Latvia's industrial production output increased by 2 % (according to calendar adjusted data at constant prices). 

Compared to December 2017, in December 2018 industrial production output grew more rapidly, by 4.5 %. Production output rise in manufacturing constituted 5.1 %, in mining and quarrying 9.4 %, and electricity and gas supply 0.6 %.

Compared to November, in December 2018 industrial production output went up by 3.3 %, of which manufacturing grew by 1 %, electricity and gas supply by 9.7 %, whereas in mining and quarrying there was a drop of 1.4 %.

Meanwhile, compared to 2017, in 2018 manufacturing turnover increased markedly by 9 % (according to calendar adjusted data at current prices).

"The rise was due to the turnover upturn on the domestic market of 9.5 % and of 8.7 % in export (of which by 10.5 % in euro area and 7.3 % in non-euro area)," said the CSB.

Compared to December 2017, in December 2018 manufacturing turnover grew by 10.9 % (according to calendar adjusted data). Turnover on the domestic market went up by 8.6 % and in export by 12.3 % (of which by 3.6 % in euro area and by 19.8 % in non-euro area).

Compared to November, turnover fell by 0.6 % (according to seasonally adjusted data)..

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