International Internet Magazine. Baltic States news & analytics
Thursday, 20.06.2013, 08:43
Compared to April 2012, industrial production output in Latvia reduced one% in April 2013 – the fourth lowest decrease in the European Union, according to the EU's statistical office Eurostat. The steepest increase in industrial production output was registered in the Romania – 12.6%, followed by Lithuania – 5%, and Estonia – 2.7%, reports LETA.
Keyword tags: Analytics, EU – Baltic States, Industry, Markets and Companies
Seasonally adjusted data (at current prices) of the Central Statistical Bureau show that, compared to March 2013, manufacturing turnover1 in April 2013 has dropped by 5.1%, of which by 5.9% in domestic market and by 4% in export.
The Commission has opened a debate on the perspectives of the European industrial policy. A conference with a challenging title “industrial renaissance” was convened by the DG for Enterprise and Industry. The Commission has strong beliefs in the European “industrial future”, although the major efforts in that direction belong to the member states leaving to the Commission coordinating and supporting functions.
Latest data compiled by the Central Statistical Bureau of Latvia show that, in comparison with March, industrial production volume in April increased by 0.5%, according to seasonally adjusted data at constant prices. Rise in manufacturing comprised 0.8%, while in mining and quarrying as well as in electricity and gas supply there was a decrease of 4.1% and 0.4%, respectively.
According to Statistics Estonia, in April 2013, the production of industrial enterprises increased by 3% compared to April of the previous year. The growth in the production was most of all influenced by the manufacturing of electronic products and electricity.
According to Statistics Estonia, 46 full-length films were released in 2012 when Estonian film celebrated its 100th birthday. 13 of these were full-length feature films and 33 were full-length documentaries.
Compared to March, the overall level of producer prices in Latvian industry in April 2013 increased by 0.1%, according to the data of Central Statistical Bureau of Latvia. Compared to April of previous year, the producer prices in Latvian industry grew by 1.4%.