Latvia Industrial Output Shrinks Further in October
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Industrial production in Latvia fell 2.7% year-on-year in October, following an upwardly revised 3.8% decline in the previous month, data from the Riga-based Central Statistical Bureau (CSB) showed on Monday.
Output continued to decrease for manufacturing (-1.4% vs -1.7% in September) and electricity and gas supply (-18% vs -26%).
Meanwhile, production slowed for mining & quarrying (2.7% vs 6.6%).
On a seasonally adjusted monthly basis, industrial activity showed no growth, after a 0.9% fall in September.
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