Photo: SCANPIX/REUTERS

Q3 growth stronger than expected

november 30, 2015, 14:25

Economy

Authors: eng.lsm.lv (Latvian Public Broadcasting)

Central Statistical Bureau (CSB) data show that in the 3rd quarter of 2015 Latvia's gross domestic product grew by 3.3%, compared to the same period in 2014, the bureau reported Monday.

The 3.3% growth was recorded according to both seasonally adjusted and unadjusted data. The figure is 0.8% more than in the GDP flash estimate given on October 30.

When compared to the previous quarter, Latvia's seasonally-adjusted GDP increased by 1% - again, up markedly on October's prediction of 0.4%.

GDP growth was promoted by increase in manufacture, construction, trade, and real estate activities, the CSB said.

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