Latvia Industrial Output Shrinks in November
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Latvia's industrial production declined in November after recovering in the previous month, data from the Riga-based Central Statistical Bureau (CSB) showed on Wednesday.
Industrial production dropped a calendar-adjusted 3.4% year-on-year in November, reversing a 0.5% rise in October, which was the first increase in almost a year.
Mining and quarrying production declined the most by 9.7%, closely followed by electricity and gas supply by 9.6%. Production in the manufacturing sector dropped by 1.8%.
On a monthly basis, industrial production fell a seasonally adjusted 0.9% in December, in contrast to a 1.5% increase seen a month ago.
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