Latvia Industrial Output August 2007

According to data released this week by Latvijas Statistika, compared to July 2007, Latvian industrial production in August 2007 increased by 2.6%, according to seasonally adjusted data (seasonal and working day influence is taken into account). Within this total there was a rise of 12.9% in mining and quarrying, 2,4% in manufacturing, and 2.4% in electricity, gas and water supply.

Compared to August 2006, industrial production in August 2007 increased by 3.3% according to seasonally adjusted data. Within this total there was a rise of 1% in manufacturing, 6.2% in mining and quarrying, and 11% in electricity, gas and water.


So year on year manufacturing industry is barely moving, despite general overheating in the economy. This is not good news. Here is the movement in the total index:

And here is the chart for % change year on year. Remember the lions share of the increase is in electricity and other utilities.