Manufacturing saw an export boost in April

Latvia's manufacturing sector enjoyed a fairly productive April, notwithstanding the uncertainty around the Liepajas Metallurgs steelworks, official data released Monday showed.

Latest data compiled by the Central Statistical Bureau of Latvia show that compared to March, manufacturing turnover in April 2015, according to seasonally adjusted data (at current prices), grew by 2.5%, which was affected by growth of 6.1% in exports.

In contrast, in the domestic market there was a decline of 0.6%.

"Turnover growth in exports was promoted by growth of sales in manufacture of transport equipment (building of ships and boats, manufacture of railway locomotives and rolling stock), in manufacture of chemicals and chemical products, and in manufacture of basic metals," said the Bureau.

Compared to April 2014 manufacturing turnover in April 2015 according to calendar adjusted data increased by 1.2%, which was affected by growth in export of 10.6%, while the domestic market witnessed a drop of 6.6%.

Turnover growth in both markets was also recorded in manufacture of other transport equipment, in manufacture of computer, electronic and optical products, and in manufacture of chemicals and chemical products.

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