Latvia Annual Industrial Production Marginally Falls in Aug

Manufacturing

Latvia's industrial production declined for the second successive month in August due to a contraction in manufacturing output, data from the Riga-based Central Statistical Bureau (CSB) showed on Tuesday.

Industrial production dropped a calendar-adjusted 0.3% year-on-year in August, following the 2.9% fall in July.

Manufacturing output registered a decrease of 2.6% annually in August, while mining and quarrying production advanced 6.2%.

Production in the electricity and gas supply segment logged a sharp annual growth of 20.2%.

On a monthly basis, industrial production rose a seasonally adjusted 0.6% in August, reversing a 1.2% fall seen a month ago.

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