Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU

Compared to April 2018, industrial production output fell by 2.4 % in Latvia in April 2019. It was affected by a drop in electricity and gas supply by 22.6 % largely due to the warm and dry weather, the amount of electricity produced from hydroelectric plants reduced.

An increase was observed in manufacturing by 3.8 % and in mining and quarrying by 23 %, according to calendar adjusted data at constant prices compiled by the Central Statistical Bureau of Latvia.

As compared to the corresponding month of the previous year, production output increase was recorded in manufacture of electrical equipment (of 28.8 %), repair and installation of machinery and equipment (26.9 %), printing and reproduction of recorded media (of 11.7 %) and manufacture of computer, electronic and optical products (11 %). A rise was also recorded in two out of the three manufacturing sectors having the largest share in the industrial production: manufacture of food products and manufacture of fabricated metal products, except machinery and equipment (increase of 2.5 % and 9.9 %, respectively).

But manufacture of wood and of products of wood and cork, except furniture, experienced a drop of 0.6 %. Industrial production output decline was also registered in manufacture of furniture (of 10.9 %), manufacture of beverages (4.4 %) and manufacture of chemicals and chemical products (2.6 %).

Compared to March 2019, in April 2019 industrial production output fell by 2 % (according to seasonally adjusted data at constant prices), of which by 0.1 % in manufacturing and by 8.7 % in electricity and gas supply, but in mining and quarrying there was an increase of 3.5 %.

Manufacturing turnover

Compared to April 2018, manufacturing turnover increased by 7.7 % in April 2019. Turnover on the domestic market grew by 9.2 % and in export by 6.9 % (increase in euro area – of 9.7 % and in non-euro area – of 4.6 %).

Compared to March 2019, manufacturing turnover reduced by 2.2 % in April 2019. Turnover on the domestic market grew by 1.6 %, but in export – fell by 4.2 % (of which by 5.2 % in euro area and by 3.3 % in non-euro area).

[“source=bnn-news”]