Latvia Industrial Output Falls Further in April
Image by Pixabay
Industrial production in Latvia plunged 7% year-on-year in April, extending a 6.3% drop in March and logging the fifth consecutive period in contraction, data from the Riga-based Central Statistical Office (CSB) showed on Monday.
Output decreased more for manufacturing (-8.8% vs -6.2% in the previous month).
Additionally, production decreased for mining & quarrying (-16.3% vs -28.5%), while an upturn was seen in electricity & gas supply (3.8% vs -0.8%).
On a monthly basis, industrial output slid by 0.6% in April, slowing from a prior 1% decline.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.