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Wednesday, 04.03.2015, 00:37
In January 2015, producer prices in Latvia rose 0.4% from December 2014, which was the largest increase in the EU, according to the latest report released by the EU statistical office Eurostat. In all the EU member states for which data are available, producer prices decreased 1.2% in January from December, writes LETA.
Keyword tags: Analytics, EU – Baltic States, Industry, Markets and Companies
According to Statistics Estonia, in January 2015, the producer price index of industrial output changed by -0.2% compared to December 2014 and by -2.2% compared to January 2014.
Statistics Lithuania informs that in January 2015 industrial production totalled EUR 1.44 billion at current prices and, compared to December 2014, dropped by 5.9% at constant prices, seasonally and working day adjusted – by 2.2%.
According to the data of the Central Statistical Bureau of Latvia, compared to December 2014, level of producer prices in Latvian industry in January 2015 rose by 0.1%. The prices of products sold on the domestic market grew by 0.5%, but prices of exported products reduced by 0.3%.
On 20 February 2015, the Confederation of Lithuanian Industrialists (LPK) together with the Ukrainian Union of Industrialists and Entrepreneurs (USPP) signed an agreement, establishing a permanent representation of Ukrainian business in Brussels, reports LETA/ELTA.
In December 2014, compared with December 2013, industrial production volume in Latvia reduced by 0.5%, which is the smallest decrease among all the European Union (EU) member states for which data are available, reports LETA, according to latest information provided by Eurostat.
The Presidium of the Lithuanian Confederation of Industrialists (LPK) has confirmed on Tuesday that industrialists welcome the Government's plans to increase the minimum monthly wage once again in July 2015, reports LETA/ELTA.