Latvia’s industrial production growth eased at the end of the year, after accelerating in the previous month, figures from the Central Statistical Office showed Wednesday.
Industrial production rose a working-day-adjusted 2.6 percent year-over-year in December, slower than the 4.5 percent gain in November.
In October, the rate of increase was 1.9 percent. The index has been rising since March 2015.
Production in the manufacturing sector grew 3.0 percent annually in December and mining and quarrying output climbed slightly by 0.1 percent.
On a monthly basis, industrial production dropped a seasonally adjusted 1.2 percent in December, in contrast to a 0.2 percent rise in the preceding month.
In the whole year 2015, total volume of industrial production expanded by 3.4 percent compared with 2014.
The material has been provided by InstaForex Company – www.instaforex.com