Latvia industrial production down in August

Manufacturing

Latvia's industrial production decreased in August, data from the Riga-based Central Statistical Bureau (CSB) showed on Monday. Industrial production declined a seasonally adjusted 2% month-on-month in August.

On a yearly basis, industrial production grew a calendar-adjusted 3.7% in August. Manufacturing output gained 7.9% annually in August and rose 0.6% from the previous month.

Production in mining and quarrying output grew 13.7% yearly, while those of electricity and gas supply fell 31.3%. 

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