Weakness ahead for manufacturing

  • 2012-05-10
  • From wire reports
RIGA - Manufacturing industry data have been fluctuating thus far this year; however, there is an underlying upward tendency to the data, reports Nozare.lv. Judging by talk from sector representatives and the European Commission’s mood indices, which worsened by 3.4 points in April, manufacturing industry volumes could slightly decrease during the next few months, Bank of Latvia economist Igors Kasjanovs writes in the central bank’s portal Makroekonomika.lv.“The mood indices currently indicate a reduction in the volume of orders. Several sector representatives also...
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