International Internet Magazine. Baltic States news & analytics
Wednesday, 10.02.2016, 17:09
2015 manufacturing turnover decreased by 1.4% (according to seasonally adjusted data at current prices). Manufacturing turnover in export reduced by 3.7% (of which 9.5% drop in eurozone, whereas 2.6% rise in non-eurozone), while domestic market witnessed a rise of 0.7%.
Keyword tags: Analytics, Industry, Latvia, Markets and Companies
Data compiled by the Central Statistical Bureau (CSB) show that, as compared to November 2015, in December 2015, industrial production output (according to seasonally adjusted data at constant prices) has decreased by 1.2%, of which by 3.6% in electricity and gas supply, whereas in manufacturing there was a rise of 0.1% and in mining and quarrying – of 3.7%. Compared to 2014, in 2015, volume of industrial production (according to calendar adjusted data at constant prices) went up by 3.4%.
According to the preliminary data of Statistics Estonia, in 2015, the production of industrial enterprises fell 2% compared to the previous year. Production decreased in energy and mining as well as in manufacturing.
The first development projects of the East-Viru industrial areas development foundation in the cities of Narva and Johvi are expected to create up to 1,500 jobs in the region in the next two to three years, informs LETA/BNS.
In pursuit of an even stronger position in the global market, one of Europe’s leading fiberglass manufacturers, Valmieras stikla skiedra, is planning to expand its line of fiberglass and its products manufactured at Valmiera Glass USA Corp, which is located in Dublin, Laurens County, Georgia, in the United States, the company's statement to "Nasdaq Riga" stock exchange suggests, cites LETA.
Data compiled by Central Statistical Bureau of Latvia show that, as compared to 2014, in 2015 average level of producer prices in Latvian industry diminished by 1.0%. Prices of products sold on domestic market dropped by 1.4% and prices of exported products – by 0.5%, of which prices in export to euro area countries fell by 0.4% and prices in export to non-euro area countries – by 0.5%.
Statistics Lithuania informs that in December 2015 industrial production totalled EUR 1.5 billion at current prices and, compared to November, decreased by 4.2% at constant prices, seasonally and working day adjusted – by 3.3%.