Latvia's industrial production down in May

Data compiled by the Central Statistical Bureau (CSB) show that, compared to May 2017, in May 2018 industrial production output decreased by 1.1 % (according to calendar adjusted data at constant prices). 

Data compiled by the Central Statistical Bureau (CSB) show that, compared to May 2017, in May 2018 industrial production output decreased by 1.1 % (according to calendar adjusted data at constant prices). 

"A drop was recorded in electricity and gas supply (of 16.4 %), as the warm and dry weather provoked a decline in the production of electricity at hydropower stations and in gas supply to consumers. In turn, an increase in production output was recorded in manufacturing (of 2.9 %), as well as in mining and quarrying (of 7.1 %)," said the CSB.

Compared to April 2018, in May 2018 industrial production output went down by 0.2 % (according to seasonally adjusted data at constant prices), as this was influenced by a drop in electricity and gas supply (of 6.7 %), whereas growth was recorded in manufacturing (1.9 %), as well as in mining and quarrying (9.4 %).

Compared to May 2017, in May 2018 manufacturing turnover increased by 9.6 %. Turnover on the domestic market went up by 11.1 % and in export by 8.8 % (of which by 14.8 % in euro area and by 4.1 % in non-euro area).

Compared to April 2018, in May 2018 manufacturing turnover grew by 5.1 %.

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