International Internet Magazine. Baltic States news & analytics
Tuesday, 02.09.2014, 21:53
Producer prices in Latvia increased by 0.4% in July 2014 from June, which was the third highest increase among the European Union member states for which data are available. The highest month-on-month increases in producer prices were recorded in Estonia – 1.7%, and Cyprus – 1.1% reports LETA, referring to the EU statistical office Eurostat.
Keyword tags: Analytics, EU – Baltic States, Industry, Markets and Companies
President of Lithuanian Confederation of Industrialists (LPK) Robertas Dargis says that, taking into account Russian sanctions, the Government should focus on improving business conditions and competitiveness in Lithuania. Meanwhile, business is capable of finding alternative markets itself, reports LETA/ELTA.
Compared to June, producer prices in industry in July 2014 rose by 0.2%, according to the data of Central Statistical Bureau of Latvia. In July, compared to July of the previous year, the overall level of producer prices in the Latvian industry increased by 0.7%.
Statistics Lithuania informs that in July 2014, industrial production totalled LTL 5.8 billion at current prices and, compared to June, grew by 5.5% at constant prices, seasonally adjusted – by 1.6%.
According to Statistics Estonia, in July 2014, the producer price index of industrial output changed by 0.6% compared to June 2014 and by –0.4% compared to July 2013.
Russia could limit import of industrial goods from the United States and European Union in retaliation for their sanctions against Russia, as the Russian newspaper Vedomosti reports today citing two Russian officials, writes LETA.
Industrial production in Latvia in June 2014, as compared to the respective period in 2013, decreased by 2%, which was the third largest decline among all European Union (EU) member states, the EU's statistical office Eurostat said on Wednesday, cites LETA.