Latvia industrial production grows in April

Manufacturing

Image by Pixabay

Latvia's industrial production expanded at the start of the second quarter, driven by strong growth in manufacturing output, data from the Central Statistical Bureau (CSB) showed on Friday.

Industrial production advanced a calendar-adjusted 3.7% year-over-year in April.

Output in the manufacturing sector registered an increase of 5.3% in April compared to last year.

At the same time, mining quarrying output fell sharply by 11.3% and that of electricity and gas supply declined 1.5%.

On a monthly basis, industrial production dropped a seasonally adjusted 0.1% in April, the Riga-based agency said.

ADVERTISEMENT

MET Group Launches Solar Parks in Hungary Green Energy

MET Group Launches Solar Parks in Hungary

Gov't to Launch HUF 700 bln Business Credit SchemeĀ  Government

Gov't to Launch HUF 700 bln Business Credit SchemeĀ 

Duna House Boosts Stake in Italian Peer Residential

Duna House Boosts Stake in Italian Peer

Avatar: The Way of Water Breaks Box Office Record in Hungary Art

Avatar: The Way of Water Breaks Box Office Record in Hungary

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.