Latvia had the fourth most rapid in­dus­trial out­put in EU this June

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In June 2017, Latvia ex­pe­ri­enced the fourth most rapid in­crease in in­dus­trial out­put among mem­ber states of the Euro­pean Union, ac­cord­ing to data pub­lished by Euro­stat on Mon­day, 14 Au­gust.

Latvia’s in­dus­trial pro­duc­tion out­put in June was 7.8% higher when com­pared with the same month of 2016. Among EU mem­ber states for which data is avail­able, a more rapid in­crease was noted in Es­to­nia (+14.5%), Ro­ma­nia (+11.5%) and Swe­den (+8.9%). In­dus­trial out­put slightly below Latvia’s was noted in Lithua­nia (+7%), Poland (+6.9%), Slove­nia (+6.7%) and Hun­gary (+6.4%).

In gen­eral, in­dus­trial out­put growth has been noted in 21 EU mem­ber states for which data is avail­able. De­clines were noted in two coun­tries: Malta (-1.3%) and Ire­land (-8.1%).

Com­pared with the pre­vi­ous month, in­dus­trial pro­duc­tion out­put growth in June was noted in nine EU mem­ber states. A de­cline was noted in thir­teen mem­ber states. Spain’s in­dus­trial pro­duc­tion out­put re­mained un­changed in June. The big­gest de­cline in com­par­i­son with May was noted in Ire­land (-7.5%), Czech Repub­lic (-3.8%) and Malta (-3.2%). Latvia’s in­dus­trial out­put de­clined 0.4% in this pe­riod, Lithua­nia’s de­clined 0.7%.

The most rapid in­crease in com­par­i­son with May was noted in Lux­em­bourg (+3.4%). In­crease in Es­to­nia, Croa­tia and Nether­lands was 1.2%.

Com­pared with last year’s June, to­tal in­dus­trial out­put growth in EU mem­ber states was 2.9% and 2.6% in Eu­ro­zone mem­ber states. In­dus­trial pro­duc­tion out­put de­clined in the EU by 0.5% and 0.6% in Eu­ro­zone in June.

Data is not avail­able for Aus­tria, Bel­gium, Den­mark, Cyprus and Slo­vakia.

Edijs Pālens/LETA

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