International Internet Magazine. Baltic States news & analytics
Thursday, 24.07.2014, 07:26
Industrial production in Latvia in May 2014, as compared to the respective period in 2013, decreased by 0.2%, which is the lowest decline among all European Union (EU) member states, the EU's statistical office Eurostat said on Monday, cites LETA.
Keyword tags: Analytics, EU – Baltic States, Industry, Markets and Companies
Latest data compiled by the Central Statistical Bureau of Latvia show that compared to April manufacturing turnover in May 2014 according to seasonally adjusted data (at current prices), decreased by 3%, of which by 3.6% in domestic market and by 2.2% in export (drop in export to Eurozone – 7.3%, while in export to Non-eurozone there was a growth of 2.2%).
Statistics Lithuania informs that in June 2014, compared to May, prices for the total industrial production sold increased by 0.2%, refined petroleum products excluded – decreased by 0.8%. Over the year, prices for the total industrial production sold decreased by 2.4%.
Latest data compiled by the Central Statistical Bureau of Latvia show that, compared to April industrial production volume in May 2014 (according to seasonally adjusted data at constant prices) rose by 0.3%.
According to Statistics Estonia, in May 2014, the production of industrial enterprises rose by 2% compared to May of the previous year. The production increased in manufacturing, mining and energy.
In May 2014, compared with April 2014, industrial producer prices in Lithuania fell by 1.5%, while compared with May 2013 they declined by 4.8%, Eurostat, the statistical office of the European Union, said. In May 2014, compared with April 2014, industrial producer prices fell by 0.1% in both the euro area and the EU, informs LETA/ELTA.
Statistics Lithuania informs that in May 2014, industrial production totalled LTL 5.7 billion at current prices and, compared to April, grew by 2.4% at constant prices, seasonally adjusted – by 1.6%.