Europe > Northern Europe > Latvia > Manufacturing turnover up by 7.6%

Latvia: Manufacturing turnover up by 7.6%

2013/01/09

Manufacturing turnover in November 2012 increased by 2.1% (according to seasonally adjusted data at current prices), of which in domestic market by 2.6% and in export – by 1.6%, compared to October 2012, according to the data from the Central Statistical Bureau of Latvia.

Rise in manufacturing turnover was mainly due to the increase in manufacture of wood and products of wood (except furniture) – increase of 4.7% (4.1% in domestic market and 5.2% in export), in repair and installation of machinery and equipment (repair and maintenance of ships and boats, repair of fabricated metal products, machinery and equipment, installation of industrial machinery and equipment) – of 35.7% (rise in both domestic market and export), and in manufacture of electrical equipment – of 14.8% (0.5% in domestic market and 19.9% in export).

In comparison with November 2011, manufacturing turnover in November 2012 increased by 7.6% (according to schedule adjusted data), of which in domestic market by 1.1% and in export – by 14.1%.

Increase in manufacturing was mainly influenced by sub-sectors engaged in manufacture of products of wood, manufacture of basic pharmaceutical products, manufacture of basic metals and mechanical engineering.

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