Latvia registers tiny industrial increase

  • 2013-11-14
  • From wire reports, RIGA

Industrial production output in Latvia rose 0.7 percent in September 2013 - the third steepest increase in the European Union, new figures from Eurostat show. 

The largest year-on-year increases in industrial production output were registered in Ireland - 11.7 percent, Romania - 8.9 percent, and Slovakia - 7.5 percent, reports LETA.

The largest year-on-year reductions were recorded in Luxembourg - four percent, Croatia - 3.9 percent, and Italy - three percent.

Industrial production output in Lithuania increased 0.1 percent, in Estonia - dropped 0.7 percent.

In all EU member states for which data are available, industrial production output increased 1.2 percent in September 2013, but in the euro area - by 1.1 percent.

Compared to September 2012, industrial production output rose in 16 countries and reduced in nine in September 2013.

In comparison with August 2013, industrial production output decreased 0.2 percent in the EU and 0.5 percent in the euro area in September 2013.

Month-on-month, industrial production output increased in 13 countries and decreased in 12.

The steepest month-on-month increases in industrial production output were observed in Ireland - 2.9 percent, Romania - 2.4 percent, and Hungary - 1.8 percent.

The largest month-on-month decreases were reported by Portugal - 11.2 percent, Luxembourg - 4.1 percent, and Croatia - 3.3 percent.

Industrial production in Lithuania and Estonia reduced 0.6 percent month-on-month, but in Latvia registered a 0.2 percent increase.