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Thursday, 24.04.2014, 06:35
Compared to February, producer prices in industry in March 2014 decreased by 0.2%, according to the data of Central Statistical Bureau (CSB) of Latvia. In March 2014, compared to March 2013, the overall level of producer prices in the Latvian industry grew by 0.6%.
Keyword tags: Analytics, Industry, Latvia, Markets and Companies
In March 2014, industrial production totalled LTL 5319.0 million at current prices and, compared to February, decreased by 0.7% at constant prices, seasonally adjusted – by 3.6%.
According to Statistics Estonia, in March 2014, the producer price index of industrial output changed by -0.9% compared to February 2014 and by -2.6% compared to March 2013.
Joint-stock Valmieras stikla skiedra (Valmiera Fiberglass, VSS) is planning to broaden the Valmiera Glass Group by establishing a new subsidiary called Valmiera Glass USA Corp in the United States, according to the company's announcement at the Riga Stock Exchange, cites LETA/Nozare.lv.
Compared to February 2013, industrial production output in Latvia decreased by 1.7% in February 2014 – the fourth largest reduction in the European Union, according to the EU's statistical office Eurostat. The largest year-on-year reductions were registered in the Netherlands – by 8.9%, Finland – by 5.4%, and Lithuania – by 2.1%, writes LETA.
Latest seasonally adjusted data (at current prices) compiled by the Central Statistical Bureau of Latvia show that,1compared to January 2014 manufacturing turnover in February 2014increased by 4.1%, of which by 7.3% in domestic market.
Statistics Lithuania informs that in March 2014, compared to February, prices for the total industrial production sold increased by 0.4%, refined petroleum products excluded – by 0.5%. Over the year (March 2014, against March 2013), prices for the total industrial production sold decreased by 4.3, refined petroleum products excluded – by 3.2%.