Latvia's industrial production up more than 7% in September

Data compiled by the Central Statistical Bureau of Latvia (CSB) and released November 4 show that, compared to September 2018, in September 2019 industrial production output grew by a healthy 7.3 % (according to calendar adjusted data at constant prices). 

The growth was influenced by a rise in electricity and gas supply – of 27.8 % (increase in production of electricity in hydro power and combined heat and power plants, as well as distribution of gas), and manufacturing – of 3.1 %. Industrial production output in mining and quarrying, however, fell by 15.5 %.

Compared to August 2019, in September 2019 industrial production output grew by 1.2 % (according to seasonally adjusted data at constant prices).

Compared to September 2018, in September 2019 manufacturing turnover increased by 2 % (according to calendar adjusted data at current prices). Turnover on the domestic market went up by 0.5 % and in export by 2.8 %.

However, compared to August 2019, in September 2019 manufacturing turnover dropped by 2.1 % (according to seasonally adjusted data).

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Economy
Economy