Latvia's industrial output up 3.8% in H1

• Published date: 03 August 2022
• Publication title: LETA

RIGA, Aug 3 (LETA) - In the first six months of 2022 Latvia's calendar-adjusted industrial output grew by 3.8 percent at constant prices against the same period a year ago, the Central Statistical Bureau informed Wednesday.

Manufacturing output increased by 6.5 percent, mining and quarrying quickened 1.5 percent, and output in electricity and gas supply dropped 13.9 percent.

Compared to the second quarter of 2021, Latvia's industrial output grew by 3.6 percent in the second quarter of this year, with manufacturing picking up 5.8 percent, mining and quarrying slowing 5.5 percent and output in electricity and gas supply falling 9 percent.

Compared to the first quarter of 2022, Latvia's industrial output was up 1.1 percent, with manufacturing rising 0.9 percent, mining and quarrying increasing 7.5 percent and output in electricity and gas supply growing 3.9 percent.

Compared to June 2021, in June 2022 industrial production output increased by 0.7 percent according to calendar adjusted data at constant prices.

The increase was achieved on account of a 3.1 percent increase in manufacturing. However, a decline in production output (due to the reduction in the volume of electricity produced by combined heat and power plants and gas supply to consumers) was registered in electricity and gas supply (of 15.8 percent) as well as mining and quarrying (7.8 percent).

Compared to the corresponding month of the previous year, the most notable manufacturing output rise was registered in manufacture of basic pharmaceutical products and pharmaceutical preparations, manufacture of other transport equipment, manufacture of...